BTC and ETH Trading Strategy Analysis

This week, Bitcoin (BTC) has shown a trend of rising on low volume, starting to pull back after reaching 108,000, and currently appears slightly fatigued. Tomorrow evening's interest rate meeting is crucial; there may be a significant adjustment before that, and it is advised for those looking to go long to take profits. Only after a rate cut is implemented can BTC hope to continue the bullish market pattern. Attention should be paid to the Bank of Japan's target interest rate on the 19th, as BTC dropped more than 10,000 points within a week before and after the last rate hike by the Bank of Japan. In these special circumstances, it is important to respond flexibly and avoid blindly being bullish or bearish, focusing on key levels for positioning.

From the 4-hour level, the BTC trend chart shows a narrow upward channel, with multiple touches on the upper trend line facing resistance. If it can stabilize above 107,800 during the day, it may continue to rise; in future operations, one can wait for a pullback to go long, with a key focus on 105,300. If it cannot break through strongly, one can go long in the direction of the trend; otherwise, one can short in the direction of the trend.

Operational Suggestions:

Go long on BTC when it pulls back to around 105,800 - 105,300, with target prices of 107,500/108,000;

Go long on ETH when it pulls back to around 3,880 - 3,830, with target prices of 4,030 - 4,100.#BTC #ETH #BTC☀ #比特币行情 #ETH🔥🔥🔥🔥 $BTC $ETH