Hello everyone, welcome to Wanqian's trend discussion. We focus only on the trends of mainstream coins. The study of left-side and right-side trading models, as well as the understanding of medium to long-term and short-term fluctuations, will be continuously updated. Thank you for your attention. In the crypto world, when some people are laughing, others will be crying. I hope everyone is among the former!

$BTC Regarding Bitcoin, at the four-hour level, this descending trend line has completed a breakout and pullback action. On the hourly chart, you can see a very standard momentum adjustment. From a small-level perspective, the trend is tilted towards bullish. Then, after some consolidation, there is hope for continued upward momentum. If there is a push on the hourly chart, it is likely that the previous high of 1088 will be broken this week. With a bit more effort, we might test the 111,000 level. Therefore, in the short term, your trading strategy should be to set up short positions when the price tests the previous high, and to continue looking at the previous high when a breakout occurs.

$ETH As for Ethereum, the current situation is exactly the same as we discussed before. After breaking the descending trend line on the hourly chart, there have been two attempts to push higher, but it has not continued upward. Fortunately, after a pullback, it tested a small level of support and is now continuing to gain momentum. You can see the price fluctuating in this range on the hourly chart. In short, the pullback action has already been indicated, and there is hope for continued upward momentum. Your targets are also clear; just look at the previous highs one by one. For medium to long-term positions, if you have long positions now, be patient. Make sure to set a good stop loss.

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The article is time-sensitive, and the market changes countless times. The focus should be on real trading, and the above suggestions are for reference only!

Investment carries risks, and caution is required when entering the market.