Currently, looking at the market from the daily chart, Bitcoin has strongly risen to the previous high around 106,000 and has started a phase of consolidation and adjustment. The current resistance level is 105,000-106,000, with support at 102,000-103,000. Although there was a significant retracement yesterday, the closing situation indicates that the support is effective. Ethereum has also strongly risen to around 2,600 before starting its consolidation phase, with resistance at 2,580-2,600, and if it breaks upwards, we look for 2,660-2,730, while support is at 2,500. Yesterday, it did not effectively break the support level either;
Looking at the 4-hour level, Bitcoin is slightly breaking below the consolidation range. Currently, the short-term resistance is 104,000-105,000, while support has moved down to 101,000-101,500. Ethereum is in a similar situation, with current resistance still at 2,500-2,580 and support at 2,400-2,420. If it breaks the level, we can follow the trend;
Operational strategy: We are still in an adjustment phase, so continue to sell high and buy low within the range! The strategy laid out yesterday of first shorting and then going long has been very successful for shorts, and there have been timely reminders for adjusting the timing for longs. Friends who entered the market can continue to hold, with the target unchanged. Congratulations to those who have followed and profited!
Short Bitcoin at 104,500-105,000, targeting 103,500-102,000; long at 101,000-101,500, targeting 103,000-105,000;
Short Ethereum at 2,580-2,610, targeting 2,500-2,400; long at 2,400-2,430, targeting 2,500-2,600;
