Currently, from the daily chart perspective, Bitcoin has rebounded to the 97000 level and encountered resistance again, falling back. It has been previously mentioned that the support level of 93000-92000 is very crucial. If it breaks below this support during a pullback, the market will likely enter a bearish trend again in the short term. Conversely, the resistance level of 97000, if broken upward, will likely breach the significant 100000 mark again, potentially even reaching new highs. Overall, the market is still operating within a range. Ethereum has also rebounded to the 1850 level but is showing weakness in bullish momentum. The pressure level at 1850, if not stabilized, will lead to a bearish trend again. The short-term support continues to be at 1750-1700, and if it breaks, watch for 1650-1550;
From the 4-hour chart perspective, Bitcoin is clearly operating within a range, referencing 97500-93500. Ethereum is also consolidating sideways, with a pressure level of 1850 and a support level of 1750. If it breaks, you can follow the trend and enter;
Operational strategy: Previously, it was suggested to set low-position long orders for Bitcoin and Ethereum, which have successfully reached their target profit points. Currently, it is at the high end of the consolidation range, so it is recommended to set high-position short orders!
Short Bitcoin at 97500-98000, target 96500-95500-93500, loss above 99000;
Short Ethereum at 1840-1860, target 1800-1750, loss above 1900;
