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On the daily chart, Bitcoin (大饼) remains relatively stable, showing a steady upward trend. However, after testing the resistance level at around 94,000 and facing rejection, it has pulled back. The current resistance level remains effective. Previously mentioned, a break above could push it toward the 100,000 mark; otherwise, it will continue to oscillate within the range. Short-term support is at 89,000, with a break below that bringing it back to the lower boundary of 84,000. Ethereum (以太), on the other hand, has broken out of its upward trend previously. After breaking through the 3,230 level and encountering resistance at 3,420, it retreated. A break below suggests a target of 3,600, with support at 3,170-3,230. Overall, Ethereum's movement is not synchronized with Bitcoin. It was also mentioned yesterday that Bitcoin might catch up or Ethereum could fall back!
On the 4-hour chart, Bitcoin just tested the top of the range at 94,000 and faced resistance, pulling back again to short-term support at 89,000. Ethereum, although previously breaking the top of its range, retreated after testing resistance at 3,450. A break below could target 3,630. Currently, short-term resistance is again at 3,230, with support at 3,170-3,120!
The long positions taken yesterday on the retracement for both Bitcoin and Ethereum have reached their target levels and closed profitably. The market is starting to retrace, so it is recommended to continue shorting on rebounds!
Trading strategy:
Short Bitcoin at 91,000-91,500, with targets at 90,000-89,000. Stop loss above 92,500;
Short Ethereum at 3,230-3,260, with targets at 3,150-3,100. Stop loss above 3,300;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!#加密市场反弹 #反弹币种推荐 #SUIETF正式上线
On the 4-hour chart, Bitcoin tested the top of the range at 94,000 and then faced resistance and pulled back. Overall, it has not broken through. Ethereum has broken below the top of the range, with short-term resistance between 3,380 and 3,450. A breakout could target 3,630, with support at 3,300-3,230!
Yesterday’s short position was based on Ethereum not falling to the bottom of its range, so I exited with a stop loss. But as previously mentioned, a breakout of the range would be a signal to follow the trend and go long. Currently, the market is inconsistent: Bitcoin has not broken out, while Ethereum has broken down, and they are not moving in sync. It is recommended to primarily consider breakouts for future long entries!
Trading Strategy:
Buy Bitcoin at 91,500-92,000, targeting 93,000-94,500, with a stop loss below 90,500;
Buy Ethereum at 3,250-3,280, targeting 3,350-3,450, with a stop loss below 3,200;
This strategy is time-sensitive; specific guidance will be provided privately in real-time!
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