On the daily chart, Bitcoin continues to show a steady upward trend, but after testing the resistance level of 94,000 again and facing rejection, it has pulled back. The current resistance level remains valid. As previously mentioned, a breakout could lead to a move towards the 100,000 mark; otherwise, it will continue to trade within the range. Ethereum has broken out of its upward trend, with the real price breaking through the resistance at 3,230. Currently, the resistance is at 3,400, and a breakout could target 3,600. Support has shifted to 3,230. Overall, Ethereum is not synchronized with Bitcoin; it may either catch up later or Bitcoin may rebound while Ethereum drops back!
On the 4-hour chart, Bitcoin tested the top of the range at 94,000 and then faced resistance and pulled back. Overall, it has not broken through. Ethereum has broken below the top of the range, with short-term resistance between 3,380 and 3,450. A breakout could target 3,630, with support at 3,300-3,230!
Yesterday’s short position was based on Ethereum not falling to the bottom of its range, so I exited with a stop loss. But as previously mentioned, a breakout of the range would be a signal to follow the trend and go long. Currently, the market is inconsistent: Bitcoin has not broken out, while Ethereum has broken down, and they are not moving in sync. It is recommended to primarily consider breakouts for future long entries!
Trading Strategy:
Buy Bitcoin at 91,500-92,000, targeting 93,000-94,500, with a stop loss below 90,500;
Buy Ethereum at 3,250-3,280, targeting 3,350-3,450, with a stop loss below 3,200;
This strategy is time-sensitive; specific guidance will be provided privately in real-time!
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On the daily chart, Bitcoin continues to show a steady upward trend, but after testing the resistance level of 94,000 again and facing rejection, it has pulled back. The current resistance level remains valid. As previously mentioned, a breakout could lead to a move towards the 100,000 mark; otherwise, it will continue to trade within the range. Ethereum has broken out of its upward trend, with the real price breaking through the resistance at 3,230. Currently, the resistance is at 3,400, and a breakout could target 3,600. Support has shifted to 3,230. Overall, Ethereum is not synchronized with Bitcoin; it may either catch up later or Bitcoin may rebound while Ethereum drops back!
On the 4-hour chart, Bitcoin tested the top of the range at 94,000 and then faced resistance and pulled back. Overall, it has not broken through. Ethereum has broken below the top of the range, with short-term resistance between 3,380 and 3,450. A breakout could target 3,630, with support at 3,300-3,230!
Yesterday’s short position was based on Ethereum not falling to the bottom of its range, so I exited with a stop loss. But as previously mentioned, a breakout of the range would be a signal to follow the trend and go long. Currently, the market is inconsistent: Bitcoin has not broken out, while Ethereum has broken down, and they are not moving in sync. It is recommended to primarily consider breakouts for future long entries!
Trading Strategy:
Buy Bitcoin at 91,500-92,000, targeting 93,000-94,500, with a stop loss below 90,500;
Buy Ethereum at 3,250-3,280, targeting 3,350-3,450, with a stop loss below 3,200;
This strategy is time-sensitive; specific guidance will be provided privately in real-time!
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