Bitcoin and Ethereum Technical Analysis and Trading Guide
I. Bitcoin (BTC)
1. Daily Analysis:
After a significant rise the day before, the market in the west took a pause, leading to a consolidation yesterday, which is a normal rhythm. The daily upward trend remains unchanged; as long as the price does not break below 97200 points, the bullish trend will continue.
2. 4-Hour Insights:
Currently in a stage of adjustment, the K-line center of gravity is gradually rising, indicating that it is building strength for the next upward wave.
3. Intraday Trading:
Adhere to a low-position bullish strategy, focusing on the support range of 98500 - 97500 points; maintain this level to enter the market. Pay attention to the pressure range of 100500 - 101500 points, and be cautious when it touches this level.
II. Ethereum (ETH)
1. Daily Interpretation:
After a significant rise the day before and encountering a market pause in the west, it entered a slight adjustment and consolidation phase, which aligns with the demand for a bottom formation; overall bullish, with the upward trend unchanged in the short term.
2. 4-Hour Exploration:
The price is consolidating in the range of 3440 - 3540 points, and low-level fluctuations can accumulate momentum to assist in subsequent rising.
3. Intraday Trading:
Continue the low-position bullish outlook, focusing on the support range of 3450 - 3410 points and the pressure range of 3540 - 3580 points to avoid being trapped at high positions.
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