On the daily level, Bitcoin is experiencing a continuous downward trend. The previously mentioned critical support and resistance level at 96000 is currently difficult to maintain. If the daily close is below 96000, the bearish trend may continue, potentially reaching the 91000-90000 range. According to the principle of support and resistance reversal, 96000 can become a resistance level. Similarly, for Ethereum, the previously mentioned critical level at 3350 is also currently being breached. If the daily close is below 3350, it can turn into a resistance level, and if the bearish trend continues, it may drop to the 3000 range.
On the 4-hour level, Bitcoin currently faces resistance at 97000-99000 and support at 95000-92000. For Ethereum, resistance is at 3380-3520 and support at 3280-3000. Overall, the market shows limited rebound strength after an oversold condition, and we expect further downward movements following a period of consolidation. The strategy should focus on short positions primarily, with some long positions as a supplement.


Trading Strategy: Currently, aggressively go long at low levels!
Go long on Bitcoin at 95000-95500, targeting 96500-97500, with a stop loss below 94500;
Go long on Ethereum at 3290-3310, targeting 3380-3450, with a stop loss below 3250;
The strategy is time-sensitive, and specific guidance will be provided in private real-time consultations!
Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to get real-time market analysis and trading strategies!

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