BTC: On Saturday, the direction for both Bitcoin and Ethereum is primarily focused on high short operations, with 112500 given as an effective support level in the short term. In the early hours of yesterday, Bitcoin made an upward breakout after a dip at this level, closing short positions for profit. Now, as Bitcoin returns to a high point, it presents an opportunity for us to consider entering the market. Those trading contracts can attempt to start building a long position near 114700, and then enter a second position near 115900. The stop loss can be set around 117200, which is a small loss point. The first target remains at 112500 to take half off, with a mid-term target around 109000.
ETH: The movement and trading mindset for Ethereum has always been similar to that of Bitcoin, focusing on high short positions. The support level for Ethereum given in Saturday's report was around 3320, with the lowest point hitting around 3350 without successfully taking profits, before rebounding directly. However, this support level is still valid. Those trading contracts can attempt to enter a long position at the current price near 3560, and add to their position near 3620. The stop loss should be above 3675, with a short-term profit target of 3450 to take half off, and the remaining portion around 3350.
