Bitcoin successfully achieved the expected secondary upward movement on the daily chart and broke through the previous box top at 94,500. Currently, the price is approaching 95,000. The previous box top has now turned into a key support level. Resistance above is at 95,500-96,500. If it continues to break upward, the 100,000 level could be within reach! The altcoin also continues its expected upward trend, currently reaching the box top near 3,320, but has not yet formed an effective breakout. Support below is at 3,250-3,280. After breaking 3,320, the target could be up to 3,400.
On the 4-hour chart, Bitcoin has confirmed a breakout from the box structure, showing a bullish trend; Ethereum has some upward movement, but there is still resistance around the previous high of 3,400. Recently, multiple long positions relying on support levels have yielded good results. You can continue to look for long opportunities based on support levels.
Trading Suggestions: Buy in the 94,000-94,500 range for Bitcoin, target 95,500-96,500 Buy in the 3,260-3,290 range for altcoins, target 3,350-3,430
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1.14 Wednesday Night BTC/ETH Sharing
Bitcoin successfully achieved the expected secondary upward movement on the daily chart and broke through the previous box top at 94,500. Currently, the price is approaching 95,000. The previous box top has now turned into a key support level. Resistance above is at 95,500-96,500. If it continues to break upward, the 100,000 level could be within reach!
The altcoin also continues its expected upward trend, currently reaching the box top near 3,320, but has not yet formed an effective breakout. Support below is at 3,250-3,280. After breaking 3,320, the target could be up to 3,400.
On the 4-hour chart, Bitcoin has confirmed a breakout from the box structure, showing a bullish trend; Ethereum has some upward movement, but there is still resistance around the previous high of 3,400. Recently, multiple long positions relying on support levels have yielded good results. You can continue to look for long opportunities based on support levels.
Trading Suggestions:
Buy in the 94,000-94,500 range for Bitcoin, target 95,500-96,500
Buy in the 3,260-3,290 range for altcoins, target 3,350-3,430