On the daily level, Bitcoin has once again closed a bullish candle above 98,000, indicating a typical strong upward trend. After a phase of consolidation, it will rise again without pressure from above. In a bull market, there is no definitive top; it's hard to say where the top is. For now, we can only look at the 100,000 level. Ethereum, after a phase of consolidation and pullback, is also following Bitcoin to form a bullish trend. Currently, it is encountering resistance around the 3350 level after closing a large bullish candle. Support is still at 3200-3250, and resistance is at 3350-3400. A breakout would mean continuing to look towards the 3500 level.
On the 4-hour level, Bitcoin has broken through the consolidation zone and moved up to the vicinity of 100,000. The short-term resistance above can only be referenced at 99,000-100,000. Next, we need to pay attention to the strength of the pullback at the 98,000 level. If it breaks down, it could return to the 96,000-96,500 range. As long as this level holds during the pullback, after a slight consolidation, Bitcoin will likely challenge the 100,000 level. Ethereum has also broken through the range on the 4-hour chart and is testing the 3350-3400 level again, still facing strong resistance. The short-term support below is confirmed at 3300-3280. Based on the concept of top-bottom conversion, as long as the previous range top of 3150-3200 is not broken, the bullish trend remains unchanged, and after a slight consolidation, it will continue to challenge 3500!
Operational thinking: The low long strategies that have been continuously laid out in recent days have been very successful, especially capturing almost all of the Ethereum rebound. It is expected to consolidate after a pullback to support and then accumulate energy to rise. Aggressively, one could directly short on the current price for a short-term trade, but the main focus will still be on low longs!
Short Bitcoin at the current price of 98,800-99,300, targeting 97,000-96,000, with a stop above 99,800; ideal long position is around 96,500.
Short Ethereum at the current price of 3370-3400, targeting 3300-3250, with a stop above 3450; ideal long position is around 3250.
The strategy is time-sensitive, and specific guidance will be provided in private in real time!
Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account 'Coin Circle Ruo Yu' to understand real-time market analysis and operational thinking!
