On the daily level, Bitcoin opened and closed with a bearish candle around 90,800. The market tested the resistance level of 93,000 before starting to pull back, closing still below 91,500. Currently, the resistance level of 91,500-92,000 is effective; only a break above this level would allow for a continued upward view towards 93,000-94,500. Support is at 90,500-90,000, and a break below this would target 88,000-87,000! Ethereum closed with a doji bullish candle around 3,030, and the market also tested the resistance level of 3,100 before starting to pull back, closing still below 3,030. Currently, the resistance level of 3,030-3,050 remains effective; only a break above this would allow for a continued upward view towards 3,170, with support at 2,950, and a break below this would target 2,850!
On the 4-hour level, Bitcoin is consolidating at a high level after testing the 92,500-93,000 range and encountered resistance before pulling back. A break above would target 93,000-94,500, while a downward move would return to 88,500-86,500. Ethereum is following a similar trend, consolidating after testing the 3,080-3,100 range and encountering resistance before pulling back. A break above would target 3,170, while a downward move would return to 2,950-2,850!


The long positions for Bitcoin and Ethereum set up the day before reached the expected final targets last night, with Bitcoin at 93,000 and Ethereum at 3,100. The long positions set up yesterday were not filled before breaking upwards, but it is emphasized that the long positions from the day before can continue to be held for an upward view. Currently, the market has reached the expected target, and the subsequent strategy needs to shift to short positions to look for a pullback!
Trading Strategy:
Short Bitcoin at 91,000-91,500, targeting 90,000-89,000, with a stop loss above 92,500;
Short Ethereum at 3,030-3,060, targeting 2,950-2,900, with a stop loss above 3,100;
The strategy is time-sensitive; please refer to private real-time guidance for specifics!
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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