The daily level Bitcoin has closed with a large bullish candlestick above 100,000, and it will face resistance near the next pressure point around 103,000 before retreating. Currently, the market is in a consolidation and retracement phase, and it is expected to test the support level around 100,000. The critical point for the bulls in this round is around 99,000. The daily Ethereum has also risen to around 3,750 before retreating; it is currently also in a consolidation and retracement phase, and it is expected to test the support level around 3,620. The critical point for the bulls in this round is around 3,500.

Looking at the 4-hour level, it has been mentioned that Bitcoin has currently reached the top of the box structure at the 100,000 level. A breakout would see it move towards 101,000-103,000, while a failure to break would maintain the box structure. Last night, it was evident that the box structure had been broken. As long as the 100,000 level is not breached during the pullback, the bullish trend remains intact, with resistance at 102,000-103,000. As previously mentioned, Ethereum has already broken the upward box structure, so the current strong support is at 3,500. If this level holds, the bullish trend remains unchanged, with short-term support at 3,570-3,620 and resistance at 3,720-3,750. After testing this level once, it has started to retrace.

Operational Strategy: The high short positioning from yesterday led to a decline followed by a rise. If Bitcoin does not take profit in time, it may be swept in the subsequent moves. Ethereum has reached the first target near 3,620, and if held, it is currently profitable. The subsequent strategy will focus on low long positions, and aggressive traders may short at the current price for short-term trades!

Bitcoin buy at 100,000-100,500, target 101,500-103,000, stop loss below 99,000;

Ethereum buy at 3,610-3,640, target 3,700-3,760, stop loss below 3,580;