On the daily level, Bitcoin continues to close positively around 91,300. After breaking upwards, the market has been consolidating at a high level. The current resistance level is between 91,500 and 92,000, and if it continues to rise, we can look at 93,000 to 94,500. Support is at 90,500 to 90,000, and if it breaks, we can look at 88,000 to 87,000! Ethereum closed with a doji candle above 3,000, encountering strong resistance in the range of 3,030 to 3,100, and is currently consolidating. If it breaks upwards, we can look at 3,170 for resistance, with support at 2,950, and if it breaks, we can look at 2,850!
On the 4-hour level, Bitcoin is experiencing a strong upward surge followed by narrow fluctuations, with a range of 92,000 to 90,500. If it breaks upwards, we can look at 93,000 to 94,500, and if it goes down, it could return to 88,500 to 86,500. Ethereum is moving in sync, with a range of 3,080 to 2,980. If it breaks upwards, we can look at 3,100 to 3,200, and if it goes down, it could return to 2,950 to 2,850!
Yesterday, we continued to implement a low-position long strategy. Although the market has been consolidating at a high level, both Bitcoin and Ethereum have reached the expected first target above, just a step away from the second target. We can continue with this approach, and those who have not exited their long positions can reduce their holdings and continue to hold for upward movement!
Trading strategy:
Long Bitcoin at 90,200-90,700, target 91,700-93,000, with a stop loss below 89,000;
Long Ethereum at 2,970-3,000, target 3,070-3,170, with a stop loss below 2,920;
The strategy is time-sensitive, and specific guidance should be based on real-time private advice!
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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