At the 4-hour line level, Bitcoin has bottomed out and rebounded, encountering 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 at 94500. If it continues to decline, 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 encountering resistance and falling back. The short-term pressure reference is 3600-3650, and the support is at 3550-3500. It is expected that even if it continues to rise, it will have to step back on the support level here once. For the same reason, it has been said many times before that as long as Ethereum pulls back to the support level of 3280-3300 and stabilizes, a new round of rise will start! (Attached with the trend forecast chart above)

From the daily level perspective, Bitcoin has closed with two consecutive bearish candles and then returned to a bullish candle, just retracing to the expected bottom position around 91500 to start rebounding. It is currently closing around 96500, with resistance levels around 96500-97000, and short-term support levels around 93500-94500. Ethereum, on the other hand, has been moving somewhat asynchronously recently, and after retracing to the bottom position around 3250, it has started to rebound. It has now broken through the upper level of the box structure at around 3500-3550, and according to the concept of top and bottom transitions, the upper level of the box structure has now become a new support level, with resistance levels around 3650-3700.
From the 4-hour level perspective, Bitcoin is currently rebounding from the bottom and encountering resistance at around 96500. This position is very important; if it breaks through, it will further challenge the 100,000 mark, otherwise, it will continue to test the bottom at 91500. Ethereum on the 4-hour chart has broken through the previous box structure of 3250-3500, and is currently facing resistance and pulling back after reaching 3650-3700. As mentioned multiple times before, Ethereum will start a new round of increases as long as it retraces to the support levels around 3280-3300!

The short-term short strategy provided yesterday resulted in stop losses for both Bitcoin and Ethereum, but the previous long positions were very perfect, with support levels around 91500-3280 to ambush long positions. It’s just a pity that the market did not follow the expected gradual upward movement, but rather surged directly, missing out on medium to long-term positions!

Operational Idea: Bitcoin has not stabilized above 96500, so aggressively ambush high shorts!

Short Bitcoin at 95500-96000, with a target of 94500-93000, with a stop loss above 96500;

Short Ethereum at 3630-3660, with a target of 3580-3500, with a stop loss above 3700; #山寨币走势展望 #BSC生态活力释放 #市场回暖新机遇 #以太坊时刻到来？ #美PCE年率创半年来最大增幅