On the daily level, Bitcoin closed with a lower shadow bearish candlestick, and the market has once again tested the 102000 level. The current resistance is at 102000, with support at the 100000-99000 range. Ethereum closed with a bearish candlestick at the 3300 level, and this morning the market rose to near the 3400 resistance level. The current resistance is seen at the 3400-3450 range, with support at 3300-3350.
On the 4-hour level, Bitcoin tested the support at the 99000-98500 range before closing with a lower shadow bullish candlestick. The market is experiencing the anticipated second peak test, currently under pressure at the 102000 level. The downward trend channel remains valid, and Ethereum also tested the support at the 3300 level before facing pressure at the 3400 level.
Operational thoughts: Yesterday, it was expected that after a pullback to support, there would be a second peak test. Unfortunately, the entry position for long orders was not very precise, and Bitcoin was swept. Fortunately, Ethereum's take profit helped recover losses. The overall strategy is still correct, and it is recommended to set up short orders near the resistance level!
Short Bitcoin at 101500-102000, with a target of 100000-98000, and a stop loss above 103000;
Short Ethereum at 3370-3400, with a target of 3300-3250, and a stop loss above 3450;
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 operational thoughts!
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