January 4th, Saturday, early morning, Bitcoin's latest trading strategy:
From the current market perspective, recent trends show signs of recovery, and the prolonged wide-ranging fluctuations of the price box have finally achieved a breakthrough today.
The key upward resistance levels for Bitcoin and Ethereum have been successfully crossed at 97000/3500, with the price ratio returning to the critical point of 98000, and Ethereum is also showing a strong upward trend. The current market is supported by solid safe-haven buying, indicating that the market is expected to continue rising in the short term.
From the 4-hour chart, the bullish volume bars show a three consecutive bullish status, and Ethereum's price has continuously broken through the upper resistance, both demonstrating a positive unilateral upward trend.
The Bollinger Bands show a clear upward trend, with sufficient bullish positions, indicating that a short-squeeze is imminent. Therefore, the strategy will continue to focus on low buy positions.
Bitcoin trading strategy:
97000-97500 range for long positions, aiming for 98500-99500
Ethereum trading strategy:
3500-3550 range for long positions, aiming for 3600-3680