At the 4-hour level, the price of Bitcoin has bottomed out and rebounded, and encountered resistance at the 96500 line. This position is very important. If it breaks through, it will hit the 100,000 mark again. Otherwise, it will continue to bottom out and test the 91500 line. The current market is also further testing the short-term support of 94500. If it continues to go down, the 92500-91000 line is a must. Ethereum has broken through the previous 3250-3500 box structure in 4 hours. It is currently hitting the 3650-3700 line and falling back. The short-term pressure reference is 3600-3650, and the support is 3550-3500. It is expected that even if it continues to rise, it will have to step back once at this support level. For the same reason, it has been said many times before that as long as Ethereum pulls back to the support of 3280-3300 and stabilizes, a new round of rise will start! (Attached with the trend forecast chart above)
As mentioned above, Bitcoin failed to hold steady at 96,500, so we arranged aggressive short orders, shorting Bitcoin at 95,500-96,000, with a target of 94,500-93,000, and shorting Ethereum at 3,630-3,660, with a target of 3,580-3,500. Up to now, all short orders are profitable, Bitcoin has reached the first target, and Ethereum is near the second target. We will take profit prudently, and continue to hold after aggressively reducing positions and look to move lower!
Operation idea: The big cake has not yet stabilized at the 96500 line, aggressively ambush at high altitude!
Bitcoin short at 95500-96000, target 94500-93000, stop loss above 96500;
Short Ethereum at 3630-3660, target 3580-3500, stop loss above 3700;
The strategies are time-sensitive and are based on private, real-time guidance!
Ruoyu, a gold medal analyst from the professional team, focuses on contract trading guidance. Follow the WeChat public account Biquan Ruoyu to learn about real-time market analysis and operational ideas!
