On the daily chart, BTC has fallen but has not broken new lows, testing the support of 108000-106000 which remains valid. The short-term resistance is still at 109500-110500. A breakout above 110500 or a fall below 106000 will open up running space. The Ether daily chart is similar, showing a decline but not able to break the continuation of the short positions trend. After testing the support at 3750, it remains effective, with short-term resistance at 3880-3980. Similarly, a breakout above 4270 or a fall below 3750 will open up running space.
Looking at the 4-hour level, BTC only retraced to the line of 107500 before starting to oscillate and consolidate. This is a test of the previous low followed by a rebound adjustment position, proving that the support is also relatively strong. The subsequent rebound is expected to see around 110500 testing the pressure again. Ether has formed a downward spike on the 4-hour chart, with resistance at 3880-3900. If it breaks above, we will continue to look at 3980-4080. In the short term, it will still maintain a range-bound operation.
Yesterday's white market again laid out the BTC and Ether current price short positions watching the downward trend, which has successfully followed the expectations! The current market is at the bottom of the box, and you can try to go long at a low position! Aggressive short-term trading approach: Buy BTC at 108000-108500, with a target of 109500-110500, and a stop loss below 107000; Long Ether at 3800-3830, target 3880-3980, stop loss below 3750; #广场创作者认证申请上线
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On the daily chart, BTC has fallen but has not broken new lows, testing the support of 108000-106000 which remains valid. The short-term resistance is still at 109500-110500. A breakout above 110500 or a fall below 106000 will open up running space. The Ether daily chart is similar, showing a decline but not able to break the continuation of the short positions trend. After testing the support at 3750, it remains effective, with short-term resistance at 3880-3980. Similarly, a breakout above 4270 or a fall below 3750 will open up running space.
Looking at the 4-hour level, BTC only retraced to the line of 107500 before starting to oscillate and consolidate. This is a test of the previous low followed by a rebound adjustment position, proving that the support is also relatively strong. The subsequent rebound is expected to see around 110500 testing the pressure again. Ether has formed a downward spike on the 4-hour chart, with resistance at 3880-3900. If it breaks above, we will continue to look at 3980-4080. In the short term, it will still maintain a range-bound operation.
Yesterday's white market again laid out the BTC and Ether current price short positions watching the downward trend, which has successfully followed the expectations! The current market is at the bottom of the box, and you can try to go long at a low position!
Aggressive short-term trading approach:
Buy BTC at 108000-108500, with a target of 109500-110500, and a stop loss below 107000;
Long Ether at 3800-3830, target 3880-3980, stop loss below 3750; #广场创作者认证申请上线