On the daily level, Bitcoin continues to close with bearish candles, and the overall rebound strength is very weak. It is generally in the lower half of the range structure, with the top at 94,500 and the bottom at 84,500, while the middle resistance is at the 90,000 mark. Currently, there are signs of another bottoming out! Ethereum, although slightly stronger than Bitcoin, is still operating in the lower half of the range, with the top at 3,320 and the bottom at 2,770, and the middle resistance around 3,030. It is also experiencing a pullback after being briefly suppressed, showing signs of another bottoming out!

On the 4-hour level, Bitcoin has been oscillating downwards since breaking below the support level of 88,000 established a few days ago. There is still some space to the bottom at 84,500. Although Ethereum has pulled back, it has not yet broken below the support level of 2,930 established a few days ago. If it breaks below, it could reach the bottom around 2,770!

Currently, the market is consistently pressured by the middle resistance level of the range structure, with multiple attempts failing. The long positions set up yesterday also have the opportunity to exit at break-even or with a small profit. Future operations suggest shorting at high levels!

Trading Strategy:

Short Bitcoin at 87,000-87,500, with a target of 86,000-84,500, and a stop loss above 88,500;

Short Ethereum at 2,940-2,960, with a target of 2,850-2,780, and a stop loss above 3,000;

The strategy is time-sensitive, and specific guidance should be based on real-time private advice!

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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