Bitcoin and Ethereum Trading Analysis and Strategy

Bitcoin (BTC) 4-hour chart:

Bitcoin fell back after rising, and multiple negative lines showed a downward trend. The daily chart shows that a top may be formed in the short term. Usually at the end of the trend, there will be repeated washouts at high levels. Once there is a trend of rising and falling, you need to be alert to the change of trend. At present, both the K-line structure and the retracement space indicate that the price may turn downward.

Daily chart: If the negative line continues to close today, the weekly and daily lines may adjust synchronously, further confirming the downward trend.

1-hour chart: A straight up and down trend is formed, showing the conversion of high-level washouts. Short-term operations should focus on rebounding high altitudes, with the key focus on the support of $66,000. If it falls below $66,000, it may enter a deep adjustment; if it holds, it will oscillate repeatedly at high levels, extending the washout time.

Trading strategy:

Entry point: Bitcoin near $66,500 long entry target: $68,500 stop loss: $65,900

Ethereum (ETH)

Trading strategy:

Entry point: Ethereum near $3,450 long entry target: $3,690 stop loss: $3,400