Looking at the daily level, Bitcoin continues to close with a bullish candle, once again testing the 100,000 mark. As mentioned in previous articles, the subsequent market development will depend on the key resistance level around 96,000. If it breaks above, it will continue to maintain the range until the 100,000 mark. Currently, the short-term resistance level is seen at 101,000-102,000, with support at 98,000-98,500. Ethereum also closed with a bullish candle at around 3,450. It was previously mentioned that a breakout above 3,350 would target 3,450-3,500. The current resistance level is at 3,450-3,500, with support at 3,300-3,350.

Looking at the 4-hour level, Bitcoin's recent movements are still very regular, with a range structure roughly between 92,000-102,000. The upward pressure and downward support generally have two movements each, with the midpoint at 96,000. Ethereum, on the other hand, shows less regularity and is overall not as strong as Bitcoin. The current resistance level is at 3,400-3,450, with support at 3,250-3,300.

Trading strategy: Yesterday, it was expected that the upward pressure would lead to a false breakout and a pullback. Unfortunately, the short position was swept away. It is recommended to go long near the support area and look for a second peak!

Go long on Bitcoin at 98,000-98,500, targeting 99,500-100,500, with a stop loss below 97,500;

Go long on Ethereum at 3,300-3,330, targeting 3,400-3,450, with a stop loss below 3,250;

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

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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