Last Friday's article mentioned that, from a daily chart perspective, Bitcoin and Ethereum are showing alternating bullish and bearish candlesticks, and they have not broken new lows for three consecutive days. Therefore, the probability of the market consolidating after an oversold condition, as previously analyzed, continues to rise. The temporary ranges can be referenced as Bitcoin 100000-102500-104500-106500 and Ethereum 3250-3350-3450-3650. Before breaking these ranges, one should focus on high selling and low buying accordingly. It was also intentionally mentioned that the current upper resistance level has not yet been reached, and adjustments can be made based on the situation. If the range is broken, one can consider entering with a light position! Then, from a 4-hour perspective, although the market has tested lower levels twice, it still has not broken the previous lows. Following the aforementioned range strategy, it is an excellent opportunity to position long. I wonder if everyone has kept up?

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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