On the daily chart, Bitcoin has run to the top of the box structure, faced pressure and retreated, continuously closing in the red to the middle position, and has started to gradually rebound, thus validating that the current structure is still effective. The top of the box is 94,500, the bottom is 84,500, and the middle position is 90,000. Currently, after testing the middle support level, it has not broken down! Ethereum has also risen to the top of the box structure, faced pressure and retreated, continuously closing in the red to the middle position, and has started to gradually rebound, thus validating that the current box is still effective. The top is 3,320, the bottom is 2,770, and the middle position is 3,030. The test of the middle position has also not broken down!
On the 4-hour chart, both Bitcoin and Ethereum have tested the middle support levels of 90,000 and 3,030 respectively before rebounding, showing significant support and validating the importance of the middle position in the previously analyzed box structure. The layout basis last week was also the same, first long then short, and the overall profit was quite considerable. Moving forward, we can continue to go long based on the middle position!
Trading Ideas:
Go long on Bitcoin at 90,500-91,000, target 92,000-93,000, with a stop loss below 89,500;
Go long on Ethereum at 3,100-3,130, target 3,180-3,230, with a stop loss below 3,050;
The strategy is time-sensitive, please refer to private real-time guidance for specifics!
Professional team gold medal analyst Ruo Yu focuses on contract trading guidance. Follow the WeChat public account "Coin Circle Ruo Yu" to understand real-time market analysis and trading ideas!
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