#BinanceABCs Market Analysis | BTC and ETH saw significant gains yesterday, key resistance levels about to be broken

Let's review yesterday's operations: during the midday, I recommended going long on Bitcoin at 8.85, and short at 9.05 and 9.13. Both positions were successful and profitable, with a gain of over 4000 points. Ethereum's bullish opportunity hadn't yet reached the entry price at that time, but friends who followed along performed well.

From a daily chart perspective, Bitcoin, after several days of oscillation, finally broke through the 30-day moving average yesterday. This indicates a shift from a consolidation phase to an upward trend in the short term. Looking upward, the key resistance is at the 90-day moving average, around 9.13. If this level is also broken, there is potential to push towards 9.5. The support levels below are indicated by the 5-day moving average on the 4-hour chart. Today's strategy is: consider going long on dips.

Ethereum's pace is different. The daily chart showed a bullish candle yesterday, breaking through both the 30 and 60-day moving averages, and now firmly above this level. If the short-term strength continues, the target is around the 256-day moving average, approximately 3330. However, on the 1-hour chart, an inverse head and shoulders pattern has appeared, so a pullback is necessary. The pullback zone can be monitored between 3070 and 3030.

Midday strategy suggestions (updated at 2:10 PM):

BTC trading plan: Consider entering long at 8.95, add to positions if it dips to 8.87. Targets are 9.05 and 9.15. If it surpasses 9.15, short between 9.15 and 9.25, aiming for a profit of 1000 to 2000 points.

ETH trading plan: Enter long at 3075, add if it dips to 3020. Targets are 3120 and 3200. For the 3200 to 3300 range above, short positions could yield profits of 600 to 1000 points.

This analytical framework has a high success rate, and the strategy's coherence is also guaranteed. If you find the content helpful, feel free to follow, bookmark, like, and comment. See you in the discussion area below; I will reply to every comment.