1.19 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
3 hours ago

On the daily level, Bitcoin has continuously closed in the red below 94,000, with strong support at 94,500 being broken. Short-term support is currently seen at 92,500-92,000, while the resistance level has returned to around 94,500! Ethereum has also continuously closed in the red below 3,300. It has been mentioned multiple times that the break of the entity part is not very obvious. Support is currently seen at 3,280, and if this support breaks, it may drop to around 3,170, with resistance returning to 3,280-3,320!

On the 4-hour level, both Bitcoin and Ethereum have shown the expected pullback. The support level for Bitcoin is 92,500 and for Ethereum is 3,170. If these levels break, we look at Bitcoin at 90,000 and Ethereum at 33,080. Last Friday, the analysis indicated a need for a pullback, leading to a short position strategy. Subsequently, consider setting up long positions at the lower support levels!

Operational Strategy:

Long Bitcoin at 91,500-92,000, with a target of 93,000-94,500, and a stop loss below 90,500;

Long Ethereum at 3,150-3,180, with a target of 3,250-3,280, and a stop loss below 3,100;

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

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