On the daily chart, Bitcoin is trending upwards above 98,000, currently testing the resistance level around 100,000. The upper resistance is expected to be between 100,000 and 101,000, with support seen between 98,000 and 97,500. Ethereum has rebounded to the support level of 3,600 and is now moving up to around 3,700, currently testing the resistance at 3,700. A breakout would target the range of 3,780 to 3,820, with support at 3,580 to 3,620.

On the 4-hour chart, as previously mentioned, Bitcoin is currently operating within a range between 100,000 and 92,000. It has reached the upper boundary of this range at the 100,000 mark, with a breakout targeting 101,000 to 103,000. Conversely, it may continue to operate within this range. Ethereum has previously been noted to be operating within a range of 3,500 to 3,200, and it has now broken out upwards from this range. Therefore, the current strong support is at 3,500; as long as this level holds, the bullish trend remains intact. Short-term support is at 3,570 to 3,620, with resistance at 3,720 to 3,750.

Trading Strategy: The low long position set yesterday has accurately reached the target for profit-taking. It is recommended to focus on short positions moving forward!

Short Bitcoin at 99,800 to 100,300, targeting 98,500 to 97,500, with a stop loss above 101,000;

Short Ethereum at 3,690 to 3,720, targeting 3,620 to 3,580, with a stop loss above 3,750;

The strategy is time-sensitive, and specific guidance will be provided in private real-time updates!

Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to stay updated on real-time market analysis and trading strategies!

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