11.2 Bitcoin and Ethereum Evening Trend Analysis and Trading Ideas!

CN
12 hours ago

The monthly closing for Bitcoin and Ethereum both ended with bearish candles, indicating a certain bearish trend signal. On the daily level, Bitcoin only dipped to around 106,000, proving that the support here is still quite strong. The range is currently maintained, with support at 108,500-106,500. After a few days of adjustment, it has closed with bullish candles, and the short-term resistance at 110,500 is still effective. If it breaks, we look at the levels of 112,500-113,000, and if it continues to rise, it will reach the top of the range at 115,000. The daily level for Ethereum is similar; after dipping to the bottom support of the range at around 3,750, it began to rebound and is currently adjusting to around 3,900. The short-term resistance is at 3,880-3,900, and if it breaks, we look at the resistance levels of 3,980-4,000. If it continues to rise, it will reach the top of the range at 4,270.

Looking at the 4-hour level, Bitcoin has just touched the bottom and rebounded to the middle resistance level near 111,500. The upper resistance is at 113,500-116,000, while the lower support is at 108,000-106,000. Ethereum on the 4-hour level has actually broken down from the range, but the subsequent rebound is forming a pin bar pattern at a larger level. Currently, it has also rebounded to the middle resistance level near 3,950, with upper resistance at 4,080-4,250 and lower support at 3,800-3,750-3,680.

This week, we have continuously positioned ourselves in Bitcoin and Ethereum based on the range structure, going long from the bottom to the top and short from the top to the bottom, achieving 11 consecutive wins with substantial overall gains, which can be verified in previous texts! Although the current market has not broken the range, I personally lean towards a potential downward trend, so I recommend continuing to short in future operations!

Aggressive short-term trading strategy:

Short Bitcoin at 111,000-111,500, targeting 110,000-108,500, with a stop loss above 112,500;

Short Ethereum at 3,900-3,930, targeting 3,830-3,750, with a stop loss above 3,990;

The strategy is time-sensitive, please refer to the main page for details, and prioritize private real-time guidance!

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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