On the daily level, Bitcoin has formed two consecutive bearish candles, just retracing to the expected bottom position around 91500 before starting to rebound. It is currently around 93500, with resistance levels at 94000-94500 and support levels at 91000-91500. Ethereum is moving more regularly, with a retracement that just touched the bottom position around 3250 before starting to rebound. It is currently rebounding again to around 3450, with resistance levels still at 3450-3500 and support levels at 3250-33350;
On the 4-hour level, Bitcoin is currently experiencing a high followed by a pullback. I have previously reminded that we need to pay attention to the strength of the pullback after the high. The key nodes are 96000-92500-90000. The current pullback has broken the 96000 level and tested the 91500 level once. It is currently reversing from the bottom, so we need to pay attention to the upper resistance at 94500-96000. If it continues to break this level, Bitcoin will likely hit the 100000 mark again; otherwise, it will test the support levels at 91500-90000 again. Ethereum's 4-hour chart has shown a retracement to the 3250-3300 level and a strong rebound from the bottom. As mentioned before, based on the idea of top-bottom conversion, as long as the previous peak range of 3150-3200 is not broken, the bullish trend remains unchanged. The pullback a few days ago also started a new round of upward movement after testing the support at 3280-3300. The short-term resistance is at 3450-3500!
The live short strategy provided yesterday during the day has successfully taken profits for both Bitcoin and Ethereum. This short position was also very perfect. The subsequent night strategy set a support level around 91500-3280 for accumulating long positions, which has also proven to be very successful, as both Bitcoin and Ethereum have reached their target levels, ensuring a stable profit!
Trading strategy: Currently, Bitcoin's rebound is weak, so aggressive positions can be taken for shorting!
Short Bitcoin at 93500-94000, target 92000-91000, with a stop loss above 94500;
Short Ethereum at 3430-3460, target 3380-3280, with a stop loss above 3500;