On the daily level, Bitcoin has started to show a decline around 87300, with the market testing the resistance level of 88500 multiple times without breaking it. Support is still seen at 86500. Currently, a stable range of fluctuations has formed. If it breaks upwards, we can look at 91500-93000; if it breaks down, we will test the bottom again around 84000! Ethereum has formed a doji candlestick near 2950, also testing this short-term resistance multiple times without breaking it, with support at 2850. Currently, it is also operating stably within this range. If it continues to climb, we can look at 3030-3150; if it breaks down, we will test the bottom again at 2750!
On the 4-hour level, Bitcoin is still showing a steady upward trend, with resistance at 88500-89000 and support at 86000-86500. Ethereum is moving in sync, with resistance at 2950-2980 and support at 2850-2880; once it breaks, we can follow in!
Yesterday's analysis indicated that the current bearish trend should come to an end for a while. I have consistently suggested going long at low levels. Bitcoin and Ethereum have successfully reached and hit the expected first profit target again, and we can continue this strategy!
Operational thoughts:
Go long on Bitcoin at 86000-86500, target 87500-89000, stop loss below 85000;
Go long on Ethereum at 2850-2880, target 2950-3030, stop loss below 2800;
The strategy has time sensitivity, and specifics should be guided in real-time privately!
