On the daily level, Bitcoin closed with a bullish K-cross, but the overall rebound strength remains weak. It has been consistently in the lower half of the range structure, with a top at 94,500 and a bottom at 84,500, while the middle resistance is at the 90,000 mark. Currently, the market is in a narrow range of fluctuations! Ethereum continues to close with a bearish candle, still operating in the lower half of the range, with a top at 3,320 and a bottom at 2,770, while the middle resistance is around 3,030. It is also in a narrow range of fluctuations!

On the 4-hour level, Bitcoin has been oscillating downwards since breaking below the support line of 88,000 established a few days ago. Today, it touched this level but still faced pressure and retreated. There is still some space to the bottom at 84,500. Although Ethereum has pulled back, it has not broken below the support line of 2,920 established a few days ago. A break below this level could see it drop to around 2,770!

Currently, the market is under pressure at the middle resistance level of the range structure, with multiple attempts to test it failing. The high-position short positions set up yesterday are currently in profit, and it is recommended to continue shorting at high positions!

Trading Strategy:

Short Bitcoin at 88,000-88,500, with a target of 87,000-86,000, and a stop loss above 89,500;

Short Ethereum at 2,950-2,970, with a target of 2,880-2,780, and a stop loss above 3,010;

The strategy is time-sensitive, and specific guidance will be provided in private 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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