Good afternoon everyone! Last night, Bitcoin's price pulled back to a low of 9.58/3282, but it recovered later in the night. The 4-hour chart shows a long lower shadow, indicating strong buying interest below. The bulls are still very optimistic.
The daily line for $BTC has not broken below 9.55 during the pullback, so we are still bullish. Pay attention to the hourly line at 9.72-9.78; if it pulls back to this range, it can be a good opportunity to go long. If it holds here, we can expect a one-sided upward trend. If it breaks down, we may test 9.55 again, and short-term traders need to watch the market and set stop losses.
The daily line for $ETH closed with a doji star and has not stabilized above 3400, so we will view it as a range-bound market for now. The support level is at 3300, with resistance at 3430-3450. If it does not break below 3250, we can focus on going long during pullbacks.
Bitcoin long entry points: Lightly go long near 9.7, if it pulls back to 9.6 and holds, increase the long position, targeting 9.8-9.85.
Ethereum long entry points: Lightly go long near 3330, if it holds above 3300, increase the long position, initially targeting 3400; if it cannot break through, take profit, and if it breaks, look for 3450-3500.