From the daily chart perspective, the overall trend of Bitcoin is once again in a phase of consolidation. Currently, there is resistance above and support below, with the resistance level at 97500-98000 and the support level at 95000-94500. If it continues to decline, it could reach the previous retracement level of 91500-91000. If the support holds, then the current market condition is just a process of consolidation and accumulation of strength, and it will inevitably challenge the 100,000 mark again. Ethereum's trend has been relatively strong recently, but it has encountered resistance at the 3750-3800 level and is beginning to pull back. Similarly, pay attention to the support level at 3580-3550; the previous wave only reached 3550 before starting to rise further.
From the 4-hour chart perspective, if Bitcoin makes a normal pullback after finding support and then rises again, currently it is testing the support level of 95000. The support is continuously moving up, and the short-term resistance level is at 96500-97500. For Ethereum, also pay attention to the support situation at 3580-3550, while short-term resistance can be referenced at 3650-3700.
Referencing the previous market, which after a short-term pullback has risen again, it is expected to continue breaking through. The operation can be focused on low long positions near the support level!
Trading idea: Focus on low long positions!
Long Bitcoin at 94500-95000, with a target of 96500-98000, and a stop loss below 93800;
Long Ethereum at 3560-3590, with a target of 3650-3700, and a stop loss below 3500;
The strategy has a time sensitivity, and specific guidance should be based on real-time private advice!
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 trading ideas!
