Evening Analysis of the Cryptocurrency Market: Analysis and Trading Strategies for Bitcoin and Ethereum

Good evening, brothers! The trend of Bitcoin is receiving much attention, and whether it can reach new highs remains uncertain. Currently, Bitcoin has not shown any signs of decline or peak signals, so everyone must stay rational and avoid subjective assumptions affecting trading decisions.

1. Bitcoin Analysis

From a technical perspective, Bitcoin at the hourly level is currently retesting the Fibonacci 38.2% position.

1. Key Levels and Trading Strategy: If this position holds as support, Bitcoin may continue to rise after consolidating, indicating its strength; if it fails to hold, it may seek support at the Fibonacci 61.8% position, which is a normal retracement. A volume breakout above 103294 allows for long positions, while if 103158 is broken with volume and cannot recover on a pullback, it is advisable to take short positions, closely monitoring volume changes and strictly setting stop losses during operations.

2. Trend Target Levels: If the hourly level recovers 103737, the upper target levels are 104384 and 104997. If 102353 is breached at the 4-hour level and rebounds cannot recover, a pullback may occur, with support levels at 101425 and 100673. Additionally, for a W-bottom formation at the 2-hour level, it must break through 104920; otherwise, the W-bottom pattern will not be established.

2. Ethereum Analysis

Ethereum's recent surge has exceeded many people's expectations, and its strong performance has overturned past impressions. Some people started boasting after the price increased, but actual operations are the key.

1. Short-term Trend and Operations: The 15-minute small-level Ethereum has lower highs and lows, likely maintaining a range before making new lows or highs. A volume breakout above 2613 allows for long positions, while if 2598 is broken with volume, it is advisable to take short positions, paying attention to volume and maintaining stop losses during operations.

2. Trend Target Levels: If the hourly level breaks and holds above 2624, the upper target levels are 2656 and 2700. Those holding long positions can take profits near 2700 while keeping a small position to bet on higher levels in case of retracement. If it drops below 2561 at the 4-hour level, the support levels are 2491 and 2435. Additionally, if the Ethereum exchange rate breaks through 0.02608 at the daily level, it is expected to continue rising, with target levels at 0.02781 and 0.02867; if it breaks 0.03114, Ethereum will completely escape its weakness and become the market focus.

The market is constantly changing, so it is recommended that everyone closely monitors the breakout situation of key levels for various cryptocurrencies and reasonably controls their positions. Wishing everyone smooth trading!