25.1.3-6:07PM
Review of previous events, yesterday the BTC long position could not be entered, and the market continued to surge. The ETH long position was also not entered as it was 5 points away from our predicted entry point at the lowest point yesterday. However, it’s okay, at least the upward structure we saw was predicted and relatively proved that our viewpoint was correct. The market was in a continuous upward breakout state yesterday, and the pullback quickly recovered. So how will today unfold?
BTC 4-Hour Trend Analysis
Currently, BTC is in a state of high pullback, and the trading volume hasn’t increased much. The main intention seems to be to pull back before making another surge. The current position is near the resistance level of BTC. The N-shaped structure has not achieved a good breakout. Considering the SKDJ and volume performance, after another pullback, it should be relatively easy to break through the upper resistance. The Fibonacci support level shows that the support level is around 96301, which can provide an opportunity to enter long on a pullback. The second support level is at 95380. It can be seen that the current support for BTC is quite dense, proving that the upward movement is steady. The support points will serve as our preliminary entry points, and we still need to wait for signals from other dimensions.
ETH 4-Hour Trend Analysis
From the ETH candlestick pattern, compared to BTC, it is relatively weaker. The current pullback is very tight and has considerable strength, but ETH is relatively more stable, possibly due to market funding reasons, as most of the capital is still absorbed by BTC. From a technical perspective, ETH has also formed an N-shaped upward structure. The SKDJ has formed a golden cross around the midline 50, and the volume is maintaining a state of contraction without appearing in large quantities. After completing a pullback, it is highly likely to make a second attack. The recent Fibonacci support point at 3406 is also a key level that has been a resistance point that has not been broken through during the previous surge. The support point will serve as our preliminary entry point, and we still need to wait for signals from other dimensions.
Intraday Strategy
Direction: Up
BTC
B: 96300
T: 99284-104108
S: 93580
ETH
B: 3406
T: 3525-3578
S: Below 3356