From the daily chart of Bitcoin, Monday closed with a bearish pullback, probing the support level around 86000. Yesterday, it once again tested the lows, showing certain signs of bottoming out. Today, it closed with a bullish candle again, indicating that in the current weak structure, the market is still in a correction phase, laying the foundation for a rebound in the future. Referring to the Fibonacci retracement levels of this round of pullback, the resistance levels above are at 91000, 94000, and 97000 respectively. Currently, there is only a few hundred points of space to the first resistance level, and it may test this position in the short term, followed by a potential pullback, but after the pullback, there is still room for an upward trend. Therefore, the overall direction remains unchanged.


Looking at the four-hour chart, the overall shape of the candlestick has formed a standard upward channel. With the market breaking through the resistance of the upper Bollinger Band after a period of volatility and consolidation, the market will enter a new round of recovery phase. When the market adjusts and pulls back to the bottom of the downward channel, it will still be a good opportunity to buy the dip.
Therefore, the current operation suggestion:
You can short around the resistance level of 91000 and short Ethereum around 3050.
You can just look at the strategy position for the target.
Bitcoin can be bought with light leverage in the range of 89000-88500, targeting around 91500.
Ethereum can be bought near 2850-2900, targeting around 3100.
BTC0,81%
ETH0,57%
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