On the weekly level, Bitcoin has declined to the 95,000 line with a large bearish candle. Currently, the market is experiencing a volatile rebound, but the overall strength is not significant. The weekly resistance level is at 97,000-98,000. If it continues to decline, the 90,000 mark may not hold; conversely, 100,000 may still be reached. The downward trend for Ethereum is relatively strong, having experienced a thousand-point drop in a week. It is currently rebounding, with the weekly resistance level at 3,450. If it continues to decline, the first target is the 3,000 line.

On the daily level, Bitcoin continues to decline with consecutive bearish candles. The previously mentioned critical point for bulls and bears at 96,000 has now been broken. According to the principle of support and resistance, 96,000 can now become a resistance level, with support below at 92,000-90,000. Similarly, for Ethereum, the previously mentioned critical point at 3,350 has also been broken, which can now turn into a resistance level, with support below at 3,200-3,000.

On the 4-hour level, Bitcoin currently has resistance at 96,000-97,000 and support at 95,000-94,000. For Ethereum, resistance is at 3,350-3,380 and support at 3,250-3,220. Overall, the market is experiencing a weak rebound after being oversold, and we expect further downward movements after a period of consolidation. The strategy should focus on short positions, with some long positions as a supplement.

Trading Strategy: Focus on short positions!

Short Bitcoin at 96,500-97,000, targeting 96,000-94,000, with a stop loss above 98,000;

Short Ethereum at 3,350-3,380, targeting 3,300-3,200, with a stop loss above 3,430;

The strategy is time-sensitive, and specific guidance will be provided in private real-time.

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!

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。