Looking at the daily level, Bitcoin has closed two consecutive bearish candles and then returned to a bullish candle, just retracing to the expected bottom position around 91500 before starting to rebound. It has currently reached around 96500 at closing, with resistance levels referenced at 96500-97000, and short-term support levels at 93500-94500. Ethereum, on the other hand, has not been moving in sync recently; its retracement just touched the bottom position around 3250 before starting to rebound. It has now broken through the top of the box structure at 3500-3550. According to the concept of top and bottom conversion, the top of the box structure now becomes a new support level, with resistance levels referenced at 3650-3700.
Looking at the 4-hour level, Bitcoin is currently facing resistance at 96500 after a bottom rebound. This position is very important; if it breaks through, it will further challenge the 100,000 mark; otherwise, it will continue to test the bottom at around 91500. Ethereum has already broken out of the previous box structure of 3250-3500 on the 4-hour chart and is currently facing resistance and pulling back after reaching 3650-3700. As mentioned multiple times before, as long as Ethereum retraces and supports at 3280-3300, a new round of upward movement will begin!
The short-term short strategy provided yesterday resulted in stop losses for both Bitcoin and Ethereum, but the previous wave of long positions was very perfect, with support levels around 91500-3280 for long positions. It’s just a pity that the market did not move in the expected gradual upward manner but instead surged directly, missing out on the medium to long-term positions!
Operational thoughts: Bitcoin has not stabilized above 96500, so aggressive short positions should be set up!
Short Bitcoin at 95500-96000, with a target of 94500-93000, and stop loss above 96500;
Short Ethereum at 3630-3660, with a target of 3580-3500, and stop loss above 3700;
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 thoughts!
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