On the daily level, Bitcoin's highest closing line is around 99000. Over the weekend, it has been in a sideways consolidation, with tests both up and down. Resistance levels are between 99000-98000, and short-term support is around 97000-96000. Ethereum, on the other hand, surged to a closing line of 3400, with support still tested above 3300. Therefore, current support is referenced around 3200-3280, with resistance levels at 3350-3400. A breakthrough would lead to a continued look towards 3500!
On the 4-hour level, Bitcoin is currently facing resistance again near the 100,000 mark. It is in a phase of sideways consolidation and pullback. The short-term resistance levels are around 98000-98500-99000, with support at 96000-96500. Next, we need to pay attention to the strength of the pullback after the surge, with nodes being 96000-92500-90000. Ethereum encountered resistance and fell back after reaching 3450-3500. As mentioned earlier, the pressure here is still very strong. Based on the concept of top-bottom conversion, as long as the previous range peak of 3150-3200 is not broken, the bullish trend remains unchanged. The current pullback has also formed support at 3280-3300, with short-term resistance at 3400-3450!
Operational approach: The high short and low long strategy laid out in the previous days has been very successful, especially the prediction for the entry position of long positions was very accurate, around Bitcoin 96500 and Ethereum 3250. It is expected that there will still be a few days of consolidation, and the operation should focus on low longs, with high shorts as a supplement!
Bitcoin 96000-96500 to go long, target 97500-99000, stop loss below 95500;
Ethereum 3250-3280 to go long, target 3350-3450, stop loss below 3200;
