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The daily chart shows Bitcoin closing at 72,600. As previously mentioned, the box range is between 71,000 and 63,000. Currently, the market has broken out of the consolidation pattern. Therefore, based on the top-bottom reversal idea, the previous resistance level of 71,000 has turned into support. The overhead resistance is at 73,500-75,500. Although Ethereum's daily trend is synchronized with Bitcoin, its close is at 2,125, and the market has not broken above the top of the box at 2,150. The current resistance levels are 2,200-2,230, with support at 2,050-2,100. Only a solid break below 2,230 would signal a true bullish trend.
On the 4-hour chart, Bitcoin clearly continues to break above the high of the consolidation zone at 72,000. Support can be seen at 71,000-70,500. Although Ethereum has not shown a breakdown on the daily chart, it has also broken out at the high of 2,150 on the 4-hour chart. This is the only variable in the trend. Future support levels are at 2,000-2,050. The suggested operation is to buy on pullbacks.
Trading strategy:
Buy Bitcoin at 71,000-71,500, targeting 73,000-75,000, with a stop below 70,000.
Buy Ethereum at 2,060-2,090, targeting 2,150-2,250, with a stop below 2,020.
Strategies are time-sensitive; specific guidance will be provided privately in real-time!#GateforAI重磅上线 #加密市场上涨 #比特币创下近一月内新高