On the weekly chart, both BTC and ETH closed with bullish candles, but the key weekly resistance levels—BTC at 94,000 and ETH at the 3,200 area—have yet to be effectively broken. On the daily chart, BTC is showing a steady upward trend, with the key resistance at the 93,500-94,500 range still holding. After testing this area, the price pulled back to support at 89,000, and will likely retest resistance. A breakout could see a move toward the 100,000 mark; if it fails, as mentioned before, a new consolidation range may form for continued adjustment. ETH is moving in sync, with the key resistance at the 3,230 area still valid. After a test and pullback to support at 3,000, it will likely retest resistance. A breakout could target the 3,600 area, while failure to break out would initially establish a new consolidation range for adjustment.
On the 4-hour chart, both BTC and ETH are in a trend of retesting highs after pulling back to support. If the consolidation range holds, expect a pullback after a rally; if a breakout occurs, look for further upside. Currently, price action is near the top of the consolidation range and resistance, so it is recommended to set up short positions for the next move.
Trading ideas:
Short BTC at 93,500-94,000, target 92,500-91,000, stop loss above 95,000;
Short ETH at 3,200-3,230, target 3,100-3,050, stop loss above 3,280;
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On the weekly chart, both BTC and ETH closed with bullish candles, but the key weekly resistance levels—BTC at 94,000 and ETH at the 3,200 area—have yet to be effectively broken. On the daily chart, BTC is showing a steady upward trend, with the key resistance at the 93,500-94,500 range still holding. After testing this area, the price pulled back to support at 89,000, and will likely retest resistance. A breakout could see a move toward the 100,000 mark; if it fails, as mentioned before, a new consolidation range may form for continued adjustment. ETH is moving in sync, with the key resistance at the 3,230 area still valid. After a test and pullback to support at 3,000, it will likely retest resistance. A breakout could target the 3,600 area, while failure to break out would initially establish a new consolidation range for adjustment.
On the 4-hour chart, both BTC and ETH are in a trend of retesting highs after pulling back to support. If the consolidation range holds, expect a pullback after a rally; if a breakout occurs, look for further upside. Currently, price action is near the top of the consolidation range and resistance, so it is recommended to set up short positions for the next move.
Trading ideas:
Short BTC at 93,500-94,000, target 92,500-91,000, stop loss above 95,000;
Short ETH at 3,200-3,230, target 3,100-3,050, stop loss above 3,280;
The strategy is time-sensitive, please refer to real-time private guidance for specifics!
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