Daily level, the current market has not yet shown any changes. Bitcoin is exhibiting a steady upward posture. The current key resistance level of 93500-94500 is still valid. After testing once, the market retraced to support at 89000, and it will test the pressure again. If it breaks, it is expected to touch the 100000 mark. If it fails to break, it will form a new range and continue to adjust as previously mentioned; Ethereum is following a similar trend. The current key resistance level of 3230 is still valid. The market also tested once and then retraced to support at 3000. It will test the pressure again, and if it breaks, it is expected to reach the 3600 level. Similarly, if it fails to break, it will preliminarily form a new range structure for adjustment!
On the 4-hour level, both Bitcoin and Ethereum are in a trend of testing the top again after a pullback. If the range structure is maintained, it will retrace to support and continue to rebound, keeping the range operation. If it breaks, we can continue to look downward!
The high-position short positions arranged yesterday unfortunately could not enter near the expected resistance level, but the overall direction is still within expectations. The current market pullback has not yet reached the lower support area, so it is recommended to continue to arrange short positions!
Operating ideas:
Short Bitcoin at 90500-91000, target 89500-88500, stop loss above 92000;
Short Ethereum at 3110-3140, target 3050-3000, stop loss above 3180;
The strategy is time-sensitive, and specific guidance is subject to private real-time advice!
