11.3 Bitcoin and Ethereum Evening Trend Analysis and Trading Ideas!

CN
13 hours ago

The weekly Bitcoin and Ethereum both closed with bearish candles, and various technical indicators point to a dominant bearish trend. On the daily chart, Bitcoin has indeed faced short-term resistance at 110,500 and has once again entered a bottom-testing phase, currently probing down to the 106,000 level. The support here remains effective; as long as it does not break, the box structure remains unchanged, with support at 106,500 and short-term resistance at 108,000-108,500. If it breaks down, we look at the 105,500-104,500 range. Ethereum on the daily chart is similar, facing short-term resistance at 3,880-3,900 and has once again tested the bottom support of the box structure at 3,750. The current rebound is relatively weak, with short-term resistance at 3,750-3,800, and if it breaks down, we look at 3,600-3,500.

On the 4-hour chart, Bitcoin has currently tested the support level of 106,500-107,500, showing signs of a stop in decline and a bullish rebound. Short-term resistance is at 108,500-109,000, and if it continues to rise, we look at the resistance level of 110,500. Ethereum on the 4-hour chart has tested the previous low of 3,650-3,680 again, with short-term resistance at 3,750-3,800. If it continues to rise, we look at 3,880-3,900.

Yesterday's analysis clearly pointed out that although the current market has not broken the box, I personally lean towards a potential downward trend. I have once again positioned for short trades to take profits, achieving a continuous winning streak of 12, with substantial overall gains, all of which can be verified in previous texts! The current market continues to look bearish, and subsequent operations are recommended to continue shorting!

Aggressive short-term trading ideas:

Short Bitcoin at 108,500-109,000, targeting 107,000-106,000, with a stop loss above 110,000;

Short Ethereum at 3,760-3,790, targeting 3,700-3,650, with a stop loss above 3,850;

Strategies are time-sensitive, please refer to the main page for details, with private real-time guidance as the primary focus!

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 ideas!

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