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From the daily line level, Bitcoin has once again closed with a bullish candle above 98,000, showing a typical strong upward trend. After a wave of consolidation, it is set to rise again with no pressure above. In a bull market, there is no defined top; where the top is, no one can say. For now, we can only pay attention to the 100,000 level. Ethereum, after consolidating and correcting, is also following Bitcoin to form a bullish trend. Currently, it faces resistance at the 3,350 level while support still refers to 3,200-3,250, with resistance at 3,350-3,400. A breakout would continue to eye the 3,500 level unchanged!
From the 4-hour line level, Bitcoin has risen to consolidate near 100,000 after breaking the consolidation range. The short-term resistance above can only refer to 99,000-100,000. Next, we need to pay attention to the strength of the pullback at the 98,000 level. If it breaks, it may return to the 96,000-96,500 range. As long as the pullback does not break this level, after a brief consolidation, Bitcoin will likely challenge the 100,000 level. Ethereum has broken the range on the 4-hour chart and is testing the 3,350-3,400 range again, still facing strong resistance. The short-term support below confirms a pullback to the 3,300-3,280 range. Based on the top-bottom conversion idea, as long as the previous peak range of 3,150-3,200 is not broken, the bullish trend remains unchanged, and after a brief consolidation, it will continue to challenge 3,500!
Operational strategy: The low-long strategy laid out over the past few days has been very successful, especially capturing the rebound of Ethereum almost entirely. Following this, we expect a pullback to support before continuing to rise. For aggressive traders, it is possible to short at the current price for a brief trade, but the main strategy remains low-long!
Current price short Bitcoin at 98,800-99,300, target 97,000-96,000, stop loss above 99,800; ideal long position near 96,500;
Current price short Ethereum at 3,370-3,400, target 3,300-3,250, stop loss above 3,450; ideal long position near 3,250; #比特币突破10万？ #ETH市场新动向 #SOL创历史新高
From the 4-hour line level, Bitcoin has risen to consolidate near 100,000 after breaking the consolidation range. The short-term resistance above can only refer to 99,000-100,000. Next, we need to pay attention to the strength of the pullback at the 98,000 level. If it breaks, it may return to the 96,000-96,500 range. As long as the pullback does not break this level, after a brief consolidation, Bitcoin will likely challenge the 100,000 level. Ethereum has broken the range on the 4-hour chart and is testing the 3,350-3,400 range again, still facing strong resistance. The short-term support below confirms a pullback to the 3,300-3,280 range. Based on the top-bottom conversion idea, as long as the previous peak range of 3,150-3,200 is not broken, the bullish trend remains unchanged, and after a brief consolidation, it will continue to challenge 3,500!
Operational strategy: The low-long strategy laid out over the past few days has been very successful, especially capturing the rebound of Ethereum almost entirely. Following this, we expect a pullback to support before continuing to rise. For aggressive traders, it is possible to short at the current price for a brief trade, but the main strategy remains low-long!
Current price short Bitcoin at 98,800-99,300, target 97,000-96,000, stop loss above 99,800; ideal long position near 96,500;
Current price short Ethereum at 3,370-3,400, target 3,300-3,250, stop loss above 3,450; ideal long position near 3,250; #比特币突破10万？ #ETH市场新动向 #SOL创历史新高
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BTC
98,631.33
-0.17%
ETH
3,342.37
-0.85%
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