2.4 Bitcoin and Ethereum Trend Analysis and Trading Ideas!

CN
10 days ago

On the daily level, Bitcoin has broken new lows, closing around 75700. The current rebound remains weak, with resistance at 77000-79000 and short-term support at 75000. If it continues to decline, the next target is the 70000 level. Ethereum is also experiencing a weak rebound, but it closed above the support level of 2230, with resistance at 2280-2350. If it breaks the support, it could drop to around 1800.

On the 4-hour level, Bitcoin has been oversold and after a brief correction, it continues to make new lows, currently facing resistance at 77500-79000 and support at 75000. Ethereum is similar; after an oversold correction, it continues to decline, with current support at 2200 and resistance at 2300-2370.

The previously disclosed short-selling strategy for Bitcoin and Ethereum at any point has achieved the medium to long-term targets of 75000 and 2230. It is recommended to focus on short positions moving forward!

Operational Strategy:

Short Bitcoin at 77500-78000, with a target of 76000-75000, and stop loss above 79000;

Short Ethereum at 2320-2350, with a target of 2230-2130, and stop loss above 2390;

The strategy is time-sensitive, and specific guidance should be based on real-time private advice!

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