Currently, from the daily chart perspective, Bitcoin has risen continuously to the resistance level around 110,500, where it encountered resistance and fell back. It was mentioned in previous articles that this is a point of top-bottom conversion. After testing the pressure, it has retreated, and the resistance remains effective. The support level is between 108,000 and 106,000; if it breaks below, it will continue to look down towards around 102,000. Ethereum has also risen continuously to the resistance level around 4,080, where it started to encounter resistance and fell back, closing below the 4,000 resistance level, with support at 3,800-3,750.

From the 4-hour chart perspective, Bitcoin rebounded to the resistance level around 110,500, which is also the bottom position of the previous market. After breaking below, it converted to a resistance level, and indeed, the market began to fall back after testing the pressure. The support remains at 108,000-106,000, while Ethereum tested the upper resistance at 4,080 and started to fall back, with support at 3,800-3,750.

Currently, the market has pressure above and support below. We will first judge based on the local box structure. As we approach the support level, we can try to take low-position long positions!

Aggressive short-term trading ideas:

Long Bitcoin at the current price of 107,300-107,800, with a target of 109,000-110,000, and a stop loss below 106,300;

Long Ethereum at the current price of 3,840-3,870, with a target of 3,950-4,000, and a stop loss below 3,790;

The strategy is time-sensitive, please refer to the main page for details, and prioritize private real-time guidance!

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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