Daily chart: Bitcoin continues to close with bearish candles below 94,000. The strong support at 94,500 has been broken. Short-term support is now around 92,500-92,000, and resistance has returned to the 94,500 level! Ethereum also continues to close with bearish candles below 3,300. Previously, it was mentioned that the breakdown of the real body was not very obvious. Support is currently around 3,280. The support has broken down to around 3,170, and resistance has returned to the 3,280-3,320 range!
4-hour chart: Bitcoin and Ethereum both follow the expected correction. Support levels are 92,500 for Bitcoin and 3,170 for Ethereum. If broken, Bitcoin could fall to 90,000, and Ethereum to around 3,080. Since last Friday, the market has shown a correction demand, leading to a short-selling strategy. Future considerations include accumulating long positions at support levels below!
Trading ideas:
Buy long on Bitcoin at 91,500-92,000, targeting 93,000-94,500, with a stop below 90,500;
Buy long on Ethereum at 3,150-3,180, targeting 3,250-3,280, with a stop below 3,100;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!
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Daily chart: Bitcoin continues to close with bearish candles below 94,000. The strong support at 94,500 has been broken. Short-term support is now around 92,500-92,000, and resistance has returned to the 94,500 level! Ethereum also continues to close with bearish candles below 3,300. Previously, it was mentioned that the breakdown of the real body was not very obvious. Support is currently around 3,280. The support has broken down to around 3,170, and resistance has returned to the 3,280-3,320 range!
4-hour chart: Bitcoin and Ethereum both follow the expected correction. Support levels are 92,500 for Bitcoin and 3,170 for Ethereum. If broken, Bitcoin could fall to 90,000, and Ethereum to around 3,080. Since last Friday, the market has shown a correction demand, leading to a short-selling strategy. Future considerations include accumulating long positions at support levels below!
Trading ideas:
Buy long on Bitcoin at 91,500-92,000, targeting 93,000-94,500, with a stop below 90,500;
Buy long on Ethereum at 3,150-3,180, targeting 3,250-3,280, with a stop below 3,100;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!
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