On the daily level, Bitcoin continues to rise with consecutive bullish candles, reaching around 93,000. After breaking through the lower half of the box structure, it has strongly moved up to near the top of the box, with the top at 94,500 and the bottom at 84,500, and a support level in between at 90,000. There is still some space to the top! Ethereum is also continuing to rise with consecutive bullish candles, reaching around 3,200. After breaking through the lower half of the box, it has also been on an upward trend, with the top at 3,320, the bottom at 2,770, and a support level around 3,030. It has been mentioned before to chase after the breakout. The next resistance level on the daily chart is at 3,230, and if broken, we can look at 3,320-3,420!
On the 4-hour level, Bitcoin appears to be approaching the top of the box structure. It was mentioned yesterday that breaking the middle resistance level at 90,000 could lead to 94,500. Currently, 90,000 can be converted to a support level. The long positions set up yesterday have successfully taken profit. Ethereum is also performing as expected, breaking the resistance level at 3,030, but facing temporary resistance at the 3,170-3,230 range. Currently, we can gradually look towards 3,320-3,420 based on the breakout situation!
Currently, the market has broken upward but has not yet reached the top of the box. The long positions for Bitcoin and Ethereum set up yesterday have successfully taken profit, and we can continue to maintain a long position on any pullbacks!
Trading Strategy:
Long Bitcoin at 91,500-92,000, with a target of 93,000-94,000, and a stop loss below 90,500;
Long Ethereum at 3,100-3,130, with a target of 3,220-3,320, and a stop loss below 3,050;
The strategy is time-sensitive, and specific guidance will be provided in private real-time updates!
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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