From the daily perspective, Bitcoin is expected to close with a bearish candle around 96,000. Yesterday, it broke the upper resistance level at 98,000. The bullish trend steadily rose above 99,000, just a step away from the resistance level at 100,000. The U.S. stock market opened with a plunge of 500 points, dragging the cryptocurrency price down to below 95,000. The current resistance level has once again returned to 96,000-96,500, with a support level at 95,000. Ethereum is expected to close with a bearish candle above 2,600. Last night, bulls were testing the resistance level at 2,800, but it appears to be under pressure, falling back to around 2,600. The support level is between 2,600-2,550, and the resistance level is between 2,660-2,730. A breakout looks towards 2,850-2,900, while a breakdown can continue to look back at 2,550.

From the 4-hour perspective, Bitcoin was oscillating above the top of the range at 98,000 last night. If it stands firmly above 98,500, it can basically be declared a breakout from the range, with a subsequent look at the 100,000 mark. However, if it faces pressure and falls back, the range structure remains valid. Ethereum is in a similar situation, oscillating above the top of the range at 2,750 last night. If it stands firmly above 2,800, it can basically be declared a breakout from the range, with a subsequent look at 2,880, and if it breaks, it can reach the 3,000 mark. However, if the breakthrough fails, the range structure remains valid.

The pullback long strategy laid out yesterday was unable to enter the market before reaching the target area, so it’s a blessing in disguise. Moving forward, continue to trade within the range structure with high selling and low buying!

Operational thoughts: Long at low levels!

Long Bitcoin at 95,000-95,500, target 96,500-97,500, stop loss below 94,000;

Long Ethereum at 2,610-2,630, target 2,700-2,750, stop loss below 2,570;

The strategy is time-sensitive; specifics should be guided in real-time privately! #bybit被盗 #币安上线KAITO #Hashdex获准在巴西推出XRPETF