1.2 Thursday Bitcoin, Ethereum Afternoon Trading Suggestions

Currently, in this market, although the trend shows a bullish upward movement, the continuation is not strong. Bitcoin faces resistance around 96,000, and Ethereum faces resistance around 3,430. If the market cannot break these levels effectively, the strategy for shorting remains unchanged.

At this stage, in terms of rhythm and technical structure, on the four-hour level, Bitcoin has successfully reached the upper range of the small cycle after a repairing upward price ratio. Although there was a spike that broke the upper range, the price ratio is clearly still under pressure from above, leading to a pullback! In the short-term level, the price ratio is slowly moving upward while closely adhering to the upper range. As the current bullish volume gradually decreases, the subsequent rhythm will still likely see a significant retracement!

Thursday Afternoon Trading Suggestions:

Short Bitcoin at 95,500-95,800, with a target of 92,000-91,000.

Ethereum can enter the market simultaneously with Bitcoin!

With the Spring Festival approaching, opportunities are limited. If you still do not have a professional mentor to provide you with real-time precise strategies, and if you also want to seize good market conditions like my friends in the Shipan community, then hurry up, the market waits for no one!