Bitcoin and Ethereum have not broken the trend; buy on dips.

CN
8 hours ago

The daily level of Bitcoin is still in an upward trend, and as long as it does not break this trend, the strategy is quite clear.

It is to buy on dips and continue to go long. Below, we can see that the trend line is at 100,500, which means that as long as this range of 100,500 and the 100,000 integer level is not broken, the principle is to be more inclined to continue buying on dips.

The first resistance above is at 106,000. Looking at this previous high range, we then look at 108,000-110,000.

Currently, Bitcoin is at this level. If the 100,000 level breaks, the operating principle and idea is to wait for the market to stabilize before choosing to enter.

Of course, for the aggressive traders, they can consider the range of 96,000-98,000, which is the area where the previous box range broke out. This area is a relatively strong support zone, and one can consider placing orders here.

For those interested in higher levels, they can look at the 108,000-110,000 integer level, which is the historical high position, and they can also consider short positions there. We only need to set the stop loss at 110,000.

Ethereum, after consolidating at the bottom, rallying, and then quickly rising, is currently trading within the range of 2,400-2,740.

In this range, continuing to consolidate, the upward trend of Ethereum is still very clear.

As long as it does not break below 2,400, from a daily level perspective, after discussing the daily level, we see that we can switch to the 4-hour chart.

If the short-term 4-hour chart shows a break below 2,400, we will consider entering after the market stabilizes.

In the short term, there are a few points below. The first point is 2,500, which is a relatively strong support level, followed by the support at 2,400.

Above, we first need to consider the range of 2,650-2,600, which is a relatively strong nearby resistance point.

Next is the support at 2,740.

If it continues to rise and create new highs, then we will pay attention to the 2,800-2,860 level we discussed earlier.

Further up, we will focus on the breakout situation at 2,930. Basically, Ethereum will be consolidating and oscillating within this range.

For those who want to get more strategies, follow the public account: KK Strategy

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