Currently, from the daily chart perspective, Bitcoin surged to around 114,000 yesterday before quickly retreating, and it still closed below the 110,500 resistance level, indicating that there is still significant selling pressure above this point. This resistance level can be seen as a short-term dividing line for bullish and bearish trends. The support remains unchanged in the range of 108,000-106,000. Ethereum also briefly broke above the 4,000-4,100 range before pulling back, closing below 4,000, where there is also considerable selling pressure above, with support remaining at 3,800-3,750.

From the 4-hour chart perspective, Bitcoin has formed a classic pullback pattern. Currently, the short-term resistance is at 108,500-109,000, with a strong resistance level at 110,500. Support remains at 108,000-106,000, and we can gradually look downwards. Ethereum has also formed an artistic pullback pattern in the 3,800-4,100 range, with short-term resistance at 3,900, a strong resistance level at 4,080, and support at 3,800-3,750.

The long positions in Bitcoin and Ethereum set up last night have successfully exceeded expectations for profit-taking! The current market is testing the upper and lower bounds within the range, with bulls and bears repeatedly contesting. Although the range structure has not been broken yet, there are signs of a downward trend, so today's strategy is to aggressively short and look for a breakdown!

Aggressive short-term trading strategy:

Short Bitcoin at 108,500-109,000, target 107,000-106,000, hold if it breaks, stop loss above 110,000;

Short Ethereum at 3,880-3,910, target 3,820-3,750, hold if it breaks, stop loss above 3,950;

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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