After reaching a high of 97,250 early this morning, the price of Bitcoin has faced selling pressure, causing a gradual intraday decline. Currently, it is fluctuating around 95,000, with no significant retracement space observed. Similarly, Ethereum hit a high of 3,688 in the morning before experiencing a pullback and is now trading near 3,600. The long position suggested earlier has yielded a minor upward movement. In such a market, seizing every opportunity is key!
š On the 4-hour chart, both Bitcoin and Ethereum maintain a slow upward trend. As long as there is no clear breakdown below the middle track, this gradual rise is likely to continue. Indicators suggest room for further gains, making short-term strategies focused on buying near support levels and reversing at higher resistance points more favorable.
š” Operation Suggestions:
š¹ Bitcoin: Enter long positions around 95,000-95,200 with a target of 98,000.
š¹ Ethereum: Consider longs near 3,590 aiming for a target of 3,650.
Stay cautious, manage your risks, and capitalize on market volatility! š