The daily chart shows that Bitcoin has closed with a doji candlestick, but currently, after a rally testing the middle resistance level of 90,000 and then pulling back, it forms a pin-like pattern. Multiple tests at this level have failed to break through, indicating that the resistance is still quite strong. Support is at 87,000. Ethereum also tested the middle resistance level of 3030 and then continued to fall back, with support at 2900!
On the 4-hour chart, Bitcoin is still trading within the 90,000-86,500 range. After a second attempt to reach 90,000, it started to pull back. If 86,500 breaks, look for 84,500; if 90,000 breaks upward, target 94,500. Ethereum is also trading within the 3030-2900 range. After a second attempt at 3030, it started to fall back. If 2900 breaks, look for 2770; if 3030 breaks upward, target 3230!
Currently, the market is moving within a range. I personally believe the overall trend remains bearish. Future trading strategies suggest shorting at high levels!
Trading ideas:
Short Bitcoin at 88,000-88,500, target 87,000-86,000, stop loss above 89,500;
Short Ethereum at 2970-3000, target 2880-2780, stop loss above 3060;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The daily chart shows that Bitcoin has closed with a doji candlestick, but currently, after a rally testing the middle resistance level of 90,000 and then pulling back, it forms a pin-like pattern. Multiple tests at this level have failed to break through, indicating that the resistance is still quite strong. Support is at 87,000. Ethereum also tested the middle resistance level of 3030 and then continued to fall back, with support at 2900!
On the 4-hour chart, Bitcoin is still trading within the 90,000-86,500 range. After a second attempt to reach 90,000, it started to pull back. If 86,500 breaks, look for 84,500; if 90,000 breaks upward, target 94,500. Ethereum is also trading within the 3030-2900 range. After a second attempt at 3030, it started to fall back. If 2900 breaks, look for 2770; if 3030 breaks upward, target 3230!
Currently, the market is moving within a range. I personally believe the overall trend remains bearish. Future trading strategies suggest shorting at high levels!
Trading ideas:
Short Bitcoin at 88,000-88,500, target 87,000-86,000, stop loss above 89,500;
Short Ethereum at 2970-3000, target 2880-2780, stop loss above 3060;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!