Currently, from the daily chart perspective, Bitcoin has broken through to a new high around 120,000 and has gradually retraced to the support level near 103,000. The support level is still being tested effectively; as long as this level holds, the bullish trend remains unchanged. The resistance level is at 107,000. Ethereum has been in a range-bound oscillation, with reference points of 2,700-2,500, resistance at 2,680-2,700, and support at 2,500-2,450.

From the 4-hour chart perspective, Bitcoin has started to rebound after retracing to the support at 103,000, with short-term resistance at 107,000-109,000. Ethereum has been under pressure at the 2,700 level, with short-term resistance at 2,650 and support currently at 2,550.

Operational strategy: The current market is generally in a correction phase, and short positions can be set up near the resistance levels!

Short Bitcoin at 105,500-106,000, targeting 104,000-103,000, with a stop loss above 107,500;

Short Ethereum at 2,620-2,650, targeting 2,550-2,500, with a stop loss above 2,690;

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 operational strategies!

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