12.3 Bitcoin and Ethereum Evening Trend Analysis and Trading Ideas!

CN
1 hour ago

On the daily level, Bitcoin has rebounded after a second dip to the bottom around 84000 and is currently testing resistance at around 93000. If it breaks through, we can look for levels of 94500-95500, with support shifting to 90500-91500. Ethereum is following a similar trend, having rebounded after a second dip to the bottom around 2750 and is currently testing resistance at 3080-3100. If it breaks through, we can look for levels of 3170-3230, with support shifting to 3000-3030!

On the 4-hour level, Bitcoin and Ethereum have rebounded after testing the bottom. Bitcoin is at 93000 and Ethereum at 3100. As previously analyzed, if the second dip does not lead to a breakout, a box structure will form for adjustment. Currently, the box structure has not yet formed, and if it continues to rise, we can look for Bitcoin at 94500-96000 and Ethereum at 3170-3230. If there is resistance and a pullback, the box structure can be confirmed!

The bearish outlook from the previous analysis is also based on the second dip layout, which has proven to be in line with expectations. However, the strength and process of the rebound are currently uncertain. Therefore, as we are near the resistance level, it is recommended to continue positioning for short trades!

Trading Strategy:

Short Bitcoin at the current price of 92800-93300, with a target of 91000-90000, and a stop loss above 94000;

Short Ethereum at the current price of 3080-3100, with a target of 3000-2950, and a stop loss above 3180;

The strategy is time-sensitive, and specific guidance should be based on real-time updates!

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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