1.4 Saturday Bitcoin and Ethereum Intraday Strategy

From the midnight market perspective yesterday, Bitcoin failed to successfully reach the hundred thousand mark, peaking around 98,950. It then encountered resistance at the 99,000 level, causing the market to retract and ultimately hover around 98,000 in a fluctuating consolidation.

In the 4-hour candlestick chart, the bulls are performing strongly, with Bitcoin showing a one-sided upward trend. The daily chart has recorded four consecutive bullish candles and has broken through the middle track resistance, indicating a very strong trend, and is currently still within a bullish trend range. Considering the relatively low trading sentiment in the weekend market and the lack of sufficient volume support, it is difficult to form a one-sided market trend. Overall, the operational strategy for Bitcoin should adopt a high sell and low buy approach between resistance and support levels.

In terms of operation, it is recommended to target 97,500-97,000 near the 98,500-98,800 range.

With the Spring Festival approaching, opportunities are limited. If you still do not have a professional mentor to provide you with real-time accurate strategies, and if you also want to grasp the good market trends like my friends in the stone market, then act quickly; the market does not wait for anyone!