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Daily level: Bitcoin’s bullish K-line closed green near 74800. The current resistance level at around 75000 is still valid. Support is at 73800-73000; Ethereum’s bearish K-line is near 2358. The current resistance level at 2360-2400 is still valid. Support is at 2300-2280;
4-hour level: Bitcoin has broken out and made a second attempt to test the resistance at 76000, and is continuing to face pressure. The current resistance is at 75500-76000. Support below is at 74000-73000. Yesterday’s pullback was also basically near the first support level; Ethereum likewise made a second attempt to test the resistance at 2400 and is continuing to face pressure. The current resistance is at 2380-2400. Support below is at 2300-2250. Yesterday’s pullback was also basically near the first support level!
Trading approach: The high-sell, low-buy strategy planned yesterday only partially managed to catch entries, but the idea of selling high and buying low is completely correct. Today, you can continue to short near the resistance levels and go long near the support levels!
Short Bitcoin at 75000-75500, target 74000-73000. Stop-loss above 76000;
Short Ethereum at 2360-2380, target 2300-2250. Stop-loss above 2400;
Go long Bitcoin at 73000-73500, target 74500-75500. Stop-loss below 72500;
Go long Ethereum at 2250-2270, target 2320-2370. Stop-loss below 2220;
This strategy has time sensitivity; the specifics should follow private real-time guidance!
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