On the daily level, while Bitcoin shows a steady upward trend, it faces resistance and falls back after attempting to break through the resistance level at 94000. The resistance level remains valid, and as previously mentioned, if it breaks, it could rise to 100000; otherwise, it will continue to operate within the range. Ethereum has shown an upward trend, breaking through the resistance level at 3230, with the current resistance level at 3400, and if it breaks, we will look towards 3600. Support has changed to 3230, which is overall out of sync with Bitcoin, and subsequently, Bitcoin may catch up or Ethereum may drop back!
On the 4-hour level, Bitcoin has just tested the top of the range structure at 94000 and encountered resistance, failing to break through. Ethereum has broken through the top of the range, with short-term resistance above at 3380-3450, and if it breaks, we look towards 3630, with support at 3300-3230!
The rationale for the short position yesterday was that Ethereum had not fallen to the bottom of the range, which led to subsequent stop-loss exits. However, as previously mentioned, if the range is broken, we will follow the trend for long positions. Currently, the market contradiction is that Bitcoin has not broken while Ethereum has, and they are not maintaining a synchronized trend. It is suggested that future operations should first consider breaking the range for long positions!
Operation thoughts:
Go long Bitcoin at 91500-92000, target 93000-94500, with a stop loss below 90500;
Go long Ethereum at 3250-3280, target 3350-3450, with a stop loss below 3200;
The strategy is time-sensitive, and specific guidance will be given privately in real-time!
