On the weekly level, Bitcoin and Ethereum both closed with bullish candles, but the key weekly resistance level for Bitcoin is 94,000, and for Ethereum, it is 3,200, which has not yet been effectively broken. On the daily level, Bitcoin is showing a steady upward trend. The current key resistance level of 93,500-94,500 is still valid. After testing this level once, the price retraced to support at 89,000. It will test the resistance again, and if it breaks, it is expected to reach the 100,000 mark. If it fails to break, it will form a new range for continued adjustment as previously mentioned. Ethereum is moving in sync, with the current key resistance level at 3,230 still valid. The price also tested this level once before retracing to support at 3,000. It will test the resistance again, and if it breaks, it is expected to reach the 3,600 level. Similarly, if it fails to break, it will initially form a new range structure for adjustment!
On the 4-hour level, both Bitcoin and Ethereum are in a trend of retracing to support before testing the highs again. If the range structure is maintained, there will be a rise followed by a pullback. If it breaks, we can continue to look upward! Currently, the price is near the upper resistance level of the range structure, so it is recommended to position for short trades in the future!


Trading Strategy:
Short Bitcoin at 93,500-94,000, with a target of 92,500-91,000, and a stop loss above 95,000;
Short Ethereum at 3,200-3,230, with a target of 3,100-3,050, and a stop loss above 3,280;
The strategy is time-sensitive, and specific guidance will be provided in private real-time updates!
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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