Thursday Daytime BTC & ETH Strategy Reference
BTC (Big Cake)
The four-hour level presents a 'high-level contraction after seven consecutive rises', with prices fluctuating around the 93,000—94,000 range. Bulls still dominate, and the trend is strong but mainly 'rising in small steps'.
RSI has approached the overbought zone, and there is potential pressure for a technical pullback in the short term.
At the same time, the Federal Reserve's expectation for a rate cut in December has risen to 89%, providing some fundamental support for bulls.
Overall: The trend remains bullish, but during the high-level consolidation phase, be sure to pay attention to the risk of short-term pullbacks.
Operational Ideas
$BTC : Consider entering long on a pullback to the 92,000—92,500 range, targeting 94,000, with a strong view at 96,000.
$ETH : Enter long on a pullback to the 3,150—3,180 range, targeting 3,250, with a strong view at 3,320.
