On the daily level, Bitcoin has formed a bottom support at 89000-90000 after several days of fluctuating sideways consolidation. During this period, the support has been continuously moving up, and it has now broken through the previous high to around 98500, just a step away from 100000. The short-term support reference is at 97000-96000, and the resistance level is around 98000. Ethereum, after some fluctuations, is also following Bitcoin to show a bullish trend. Currently, the support reference is at 3200-3250, and the resistance level is at 3350-3400. A breakthrough would continue to look towards the 3500 level!
On the 4-hour level, Bitcoin has currently broken through the fluctuation range and is gradually moving upward. The short-term pressure reference above is at 98000. Next, attention should be paid to the strength of the pullback at the 92500-93000 level. As long as the pullback does not break this level, the bullish trend remains unchanged. Ethereum has broken through the range and is probing the 3350 level, encountering resistance and falling back. The pressure here is still very strong. According to the concept of top-bottom conversion, as long as the previous range peak at 3150-3200 is not broken, the bullish trend remains unchanged!
Operational strategy: The low long strategy laid out in the past few days has been very successful, especially capturing the Ethereum rebound almost entirely. It is expected that after a pullback to support, it will gather strength to rise again, still focusing on low longs!
Long Bitcoin at 95000-95500, target 97000-98000, with a stop loss below 94500;
Long Ethereum at 3200-3230, target 3280-3350, with a stop loss below 3170;
The strategy is time-sensitive, and specific guidance will be provided in private real-time!
Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and operational strategies!
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