On the daily level, Bitcoin has once again closed with a bullish candle above 98,000, indicating a typical strong upward trend. After a wave of consolidation, it is moving upward again, facing no pressure above. In a bull market, there is no definitive top; it's hard to say where the peak is. For now, we can only focus on the 100,000 mark. Ethereum, after some consolidation and pullback, is also following Bitcoin to establish a bullish trend. Currently, it has encountered resistance at the 3,350 level after closing with a large bullish candle. Support is still around 3,200-3,250, with resistance at 3,350-3,400. If it breaks through, we will continue to look towards the 3,500 level unchanged!
On the 4-hour level, Bitcoin has broken out of the consolidation range and is now consolidating near 100,000. The short-term resistance above can only be referenced at 99,000-100,000. Next, we need to pay attention to the strength of the pullback at the 98,000 level. If it breaks down, it may return to the 96,000-96,500 range. As long as the pullback does not break this level, after a slight consolidation, Bitcoin will likely challenge the 100,000 mark. Ethereum on the 4-hour chart has broken the range and is testing the 3,350-3,400 level again, still facing strong resistance. The short-term support below is expected to confirm the 3,300-3,280 level. According to the top-bottom conversion concept, as long as the previous range top of 3,150-3,200 is not broken, the bullish trend remains unchanged, and after a slight consolidation, it will continue to challenge 3,500!
Trading strategy: The low long strategy that has been continuously deployed in recent days has been very successful, especially capturing the rebound in Ethereum. It is expected that after a pullback to support, it will gather strength to rise again. Aggressive traders can short at the current price for a short-term trade, but the main strategy remains low long!
Currently, short Bitcoin at 98,800-99,300, targeting 97,000-96,000, with a stop loss above 99,800; the ideal long position is around 96,500.
Currently, short Ethereum at 3,370-3,400, targeting 3,300-3,250, with a stop loss above 3,450; the ideal long position is around 3,250.
The strategy is time-sensitive, and specific guidance will be provided in real-time privately!
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 trading strategies!
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