2.4 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
3 hours ago

On the daily level, Bitcoin has broken new lows, closing around 75700. The current rebound remains weak, with resistance at 77000-79000 and short-term support at 75000. If it continues to decline, the next target is the 70000 level. Ethereum is also experiencing a weak rebound, but it closed above the support level of 2230, with resistance at 2280-2350. If it breaks the support, it could drop to around 1800.

On the 4-hour level, Bitcoin has been oversold and after a brief correction, it continues to make new lows, currently facing resistance at 77500-79000 and support at 75000. Ethereum is similar; after an oversold correction, it continues to decline, with current support at 2200 and resistance at 2300-2370.

The previously disclosed short-selling strategy for Bitcoin and Ethereum at any point has achieved the medium to long-term targets of 75000 and 2230. It is recommended to focus on short positions moving forward!

Operational Strategy:

Short Bitcoin at 77500-78000, with a target of 76000-75000, and stop loss above 79000;

Short Ethereum at 2320-2350, with a target of 2230-2130, and stop loss above 2390;

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

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