From the daily chart perspective, Bitcoin has formed a bottom support at 89000-90000 after several days of fluctuating sideways consolidation. During this period, the support has been continuously moving up. It has currently broken through the previous high to around 98500, just a step away from 100000. The short-term support reference is around 97000-96000, while the resistance reference is around 98000. Ethereum, after some fluctuations, is also following Bitcoin to form a bullish trend. Currently, the support reference is 3200-3250, with resistance at 3350-3400. If it breaks through, it will continue to look towards the 3500 level!
From the 4-hour chart perspective, Bitcoin has currently broken through the fluctuation range and is gradually moving up. The short-term resistance reference above is 98000. The next thing to pay attention to is the strength of the pullback after reaching a high, around 92500-93000. As long as this level is not broken during the pullback, the bullish trend remains unchanged. Ethereum's 4-hour chart broke the range and moved towards the 3350 level, facing strong resistance upon retreating. Based on the idea of top-bottom conversion, as long as the previous range peak of 3150-3200 is not broken, the bullish trend remains unchanged!
Operational Strategy: The low long strategy laid out in the past few days has been very successful, especially for Ethereum’s rebound, which has basically captured the entire wave. It is expected that after pulling back to support, it will build momentum to rise again, still focusing on low longs!
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Long Bitcoin at 95000-95500, target 97000-98000, stop loss below 94500;
Long Ethereum at 3200-3230, target 3280-3350, stop loss below 3170;