Bitcoin and Ethereum experienced a brief decline yesterday but rebounded today. From yesterday to today, Bitcoin dropped to a low of $105,000, while Ethereum fell to a low of $2,370. This morning, the market rebounded from the lows, with Bitcoin currently at $107,600 and Ethereum at $2,450. Based on the current trend, the bulls are making a comeback, and there is potential for further price increases. Key resistance levels to watch are $108,700 for Bitcoin and $2,520 for Ethereum.

Technical Analysis

Currently, from the hourly and four-hour charts, the hourly chart has reached the upper Bollinger Band, while the four-hour chart has hit the middle Bollinger Band resistance. The current trend shows a stair-step increase by the bulls, with no signs of a pullback. It is very likely to push further upward, but at this point, I personally do not recommend chasing the long positions to avoid being trapped at high levels. A more prudent approach would be to wait for a rise before considering short positions.

Evening Trading Suggestions

For Bitcoin, I recommend a strategy of making small, multiple trades in batches. The first entry opportunity is at $107,600 for a short position of 2%. The second entry opportunity is at $108,200 for a position of 3%. The third entry opportunity is at $108,800 for a position of 5%.

For Ethereum, I also suggest a strategy of making small, multiple trades in batches. The first entry opportunity is at $2,450 for a short position of 2%. The second entry opportunity is at $2,480 for a position of 3%. The third entry opportunity is at $2,510 for a position of 5%.

There are many types of investments, and it is important to choose the one that suits you best. There are many paths, and selecting the right guide is crucial. I am Gu Yue, interpreting global economic news, analyzing major global investment trends, and providing daily market analysis to offer you the latest trading strategy ideas and professional investment consulting services to help you reach the peak of financial management.

This article represents personal views only and is for reference purposes. It should not be used as a basis for actual operations. Market conditions are unpredictable, and profits and losses are your own responsibility. For the latest trading strategies, follow the public account: Gu Yue KOL.

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