Weekly level, Bitcoin and Ethereum have been testing up and down for the past two weeks, overall maintaining a range-bound structure. The daily level for Bitcoin shows strong overall trends, with a clear range structure: the top at 94500, the bottom at 84500, and resistance in the middle at 90000. As previously mentioned, before breaking the range, short at the top and long at the bottom is the strategy. Once a breakout occurs, then enter! Ethereum is relatively stronger than Bitcoin, especially given that it has shown a unique breakout situation in the middle. Following that, it has returned while maintaining synchronization, still in a range-bound structure, with the top at 3320, the bottom at 2770, and resistance around 3030!
On the 4-hour level, the range rule for Bitcoin appears even more evident, with the top at 94000 and the bottom at 84000. The previous analysis has been very clear, and if we remove the unique K-line of Ethereum, it also adheres to the rhythm within the range. The top is at 3250, the bottom at 2770, and for now, we will judge based on the original range!
Currently, the market is operating near the middle resistance level of the range structure, and it is suggested to focus on buying on dips moving forward!
Trading strategy:
Buy Bitcoin at 88500-89000, target 90500-92000, stop loss below 87500;
Buy Ethereum at 2980-3010, target 3100-3150, stop loss below 2930;
The strategy is time-sensitive, please refer to real-time private guidance for specifics!
