On the daily chart, Bitcoin closed with a large bullish candle above 100,000, reaching the next resistance level around 103,000 before facing pressure and retreating. Currently, the market is experiencing a volatile pullback, and it is expected to test the support level around 100,000. The key point for this bullish trend is at 99,000. Ethereum also peaked at around 3,750 before facing pressure and is currently in a volatile pullback, expected to test the support level around 3,620. The key point for this bullish trend is at 3,500.
On the 4-hour chart, it was previously mentioned that Bitcoin has reached the top of the box structure at the 100,000 level. A breakout would look for 101,000-103,000, otherwise, it will maintain the box structure. Last night, it was clear that the box structure was broken. As long as the 100,000 level holds, the bullish trend remains intact, with resistance at 102,000-103,000. Ethereum has also broken the upper part of the box structure, so the current strong support is at 3,500. If this level holds, the bullish trend remains unchanged, with short-term support at 3,570-3,620 and resistance at 3,720-3,750. After testing once, it has started to pull back.
Trading Strategy: Yesterday's strategy was to position for a short after a drop followed by a rise. If Bitcoin does not take profit in time, it may be swept away later. Ethereum has reached the first target near 3,620, and if held, it is currently profitable. The subsequent strategy is to focus on low longs, and aggressive traders may consider shorting at the current price for a short-term trade.
For Bitcoin, go long at 100,000-100,500, targeting 101,500-103,000, with a stop loss below 99,000;
For Ethereum, go long at 3,610-3,640, targeting 3,700-3,760, with a stop loss below 3,580;
The strategy is time-sensitive, and specific guidance will be provided privately in 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 trading strategies!
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