1.6 Major Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
1 day ago

On the daily chart, Bitcoin continues to rise with consecutive bullish candles, reaching above 93,000. After breaking through the lower half of the box structure, it has been moving north and is currently at the top of the box at 94,500, with the bottom at 84,500 and a middle support level at 90,000! Ethereum is also continuing to rise with consecutive bullish candles, reaching above 3,200. After breaking the lower half of the box structure, it has also been rising and is currently at the expected next resistance level of around 3,230, with a breakout target of 3,320-3,420!

On the 4-hour chart, Bitcoin has clearly reached the top of the box structure. It has tested the resistance once and is now starting to pull back. As mentioned yesterday, after breaking the middle resistance level of 90,000, it could reach around 94,500. The long positions set up yesterday have also been profitable. Ethereum is basically following expectations and is currently at the 3,230 level. Depending on the breakout situation, it could gradually reach the 3,320-3,420 range!

Currently, after the market pullback, a second test of the top of the box structure is expected. The long positions for Bitcoin and Ethereum set up yesterday have successfully taken profit, and further pullbacks can continue to be used for long positions!

Trading Strategy:

Long Bitcoin at 93,000-93,500, with a target of 94,500-95,500, and a stop loss below 92,000;

Long Ethereum at 3,200-3,230, with a target of 3,280-3,350, and a stop loss below 3,150;

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!

Disclaimer: This article only represents the author's personal views and does not represent the platform's stance or views. This article is for information sharing only and does not constitute any investment advice to anyone. Any disputes between users and the author are unrelated to this platform. If any articles or images published on the webpage involve infringement, please provide relevant proof of rights and identification and send an email to support@aicoin.com, and the relevant staff of this platform will conduct verification.

免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

Share To
APP

X

Telegram

Facebook

Reddit

CopyLink