Currently, from the daily chart perspective, Bitcoin has once again broken out after several days of sideways consolidation. It is currently testing the previous high resistance level around 106,000 but has faced pressure and retreated. Support remains at around 102,000; as long as this level holds, the bullish trend remains dominant. Ethereum has risen to around 2,700 before starting to pull back, with support at 2,350. If this level breaks, we look at 2,200-2,150, with resistance at 2,500 and a breakout target of 2,700-2,900.
From the 4-hour chart perspective, Bitcoin has broken out of the consolidation range but has only reached around 106,500 before facing resistance and retreating. The support level at 101,500 remains unchanged, with short-term resistance at 104,000-104,500. We will monitor the support situation going forward. Ethereum currently shows no breakout trend; instead, it is breaking down from the consolidation range. The current support is tentatively at 2,380-2,350, with resistance at 2,450-2,500.
Trading Strategy: We are currently in a phase of pulling back after a high. There is still room for both Bitcoin and Ethereum to move lower. Aggressive traders may consider shorting directly, while conservative traders should watch the support levels to set up long positions!
Current price for Bitcoin is 102,500-103,000 for shorting, with a target of 101,500-100,000; consider setting up long positions around 100,500, with a stop loss if it breaks 100,000!
Current price for Ethereum is 2,400-2,420 for shorting, with a target of 2,350-2,300; consider setting up long positions around 2,300, with a stop loss if it breaks 2,270!
The strategy is time-sensitive; please refer to the main page for details, and prioritize private real-time guidance!
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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