1.13 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
6 days ago

On the daily chart, Bitcoin has once again tested the support level around 92,000 and has rebounded. Currently, the resistance level is seen at 96,000-96,500, which is still the short-term dividing line for bulls and bears mentioned earlier. A breakout above this level would target the 100,000 mark, while a rejection would lead to a continued decline towards the 92,000 level. Ethereum has also dipped to the 3,200 level and rebounded, currently hovering around the critical level of 3,350. The resistance is temporarily set at this point, with a breakout targeting 3,450-3,500, while a rejection would look towards 3,200-3,000.

On the 4-hour chart, Bitcoin is clearly facing resistance at the 96,000 level, having tested it once and is currently under pressure. The support below is at 94,000-92,000, while Ethereum is also testing the 3,350 level, with support at 3,250-3,200 below.

Trading Strategy: Currently near the resistance level, it is advisable to focus on short positions!

Short Bitcoin at the current price of 95,500-96,000, targeting 94,000-92,000, with a stop loss above 97,000;

Short Ethereum at the current price of 3,320-3,350, targeting 3,220-3,150, with a stop loss above 3,380;

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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