On the daily level, Bitcoin closed with a large bearish candle above 96,000. It was mentioned earlier that a pullback to test the support level around 100,000 was expected. The evening saw a drop that exceeded expectations, directly breaking the current bullish watershed at around 99,000. So far, it has dropped to around 95,000, with current resistance at 97,000-97,500 and support at 96,000-95,000. If it continues to break down, we will look at the previous strong support level around 92,000. Ethereum also closed with a large bearish candle near 3,350, and it is expected to pull back to test the support level around 3,620. The drop has also set the current bullish watershed at around 3,500. It has now reached the bottom of the previous box structure at around 3,350, with support at 3,300-3,350 and resistance at 3,400-3,450.
On the 4-hour level, Bitcoin has directly drawn a door and returned to the 96,000 level, with resistance at 97,000-97,500 and support at 95,000. Ethereum has also drawn a door to the previous box bottom around 3,300-3,350 to stop the decline, with support still at 3,300. If it breaks, we will look at 3,200, with resistance at 3,400-3,450.
Operational thoughts: Yesterday, aggressive positions were laid out, and the current price short positions have taken profits. It is expected that the market will maintain a range-bound movement, and low long positions have been stopped out. Currently, we are at the bottom of the previous box structure, and the subsequent strategy will focus on low long positions!
Current price for Bitcoin is to go long at 95,500-96,000, with a target of 97,000-98,000, and a stop loss below 95,000;
Current price for Ethereum is to go long at 3,330-3,360, with a target of 3,420-3,450, and a stop loss below 3,300;
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 operational thoughts!
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