On the daily level, Bitcoin continues to rise with consecutive positive candles above 90,000, having essentially broken through the lower half of the box structure, with a top at 94,500 and a bottom at 84,500. The resistance level at 90,000 has been surpassed, and the trend shows a continued upward movement towards the peak! Ethereum is also rising with consecutive positive candles above 3,100. As mentioned in yesterday's post, it has clearly broken through the lower half of the box structure, with a top at 3,320 and a bottom at 2,770. The resistance is around 3,030. It was previously stated to chase the breakout, and the next resistance level on the daily chart is at 3,230!
On the 4-hour level, Bitcoin has clearly formed a breakout pattern from the lower half of the box structure. As mentioned yesterday, after breaking out, it has been consolidating around the resistance level of 90,000, which can now be viewed as a support level. Although Ethereum has broken through the narrow resistance level of 3,030, there is still some resistance around 3,170-3,230. Currently, we can gradually look towards the range of 3,230-3,400 based on the breakout situation!
The market is showing an upward breakout, and the long positions in Bitcoin and Ethereum that were set up yesterday have successfully taken profit. Moving forward, we can continue to maintain long positions on pullbacks!
Trading Strategy:
Long Bitcoin at 90,300-90,800, with a target of 92,000-93,000, and a stop loss below 89,000;
Long Ethereum at 3,090-3,120, with a target of 3,180-3,250, and a stop loss below 3,030;
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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