1.9 Bitcoin and Ethereum Trend Analysis and Trading Strategy!
On the daily chart, Bitcoin (BTC) retreated after reaching the top of its trading range around 94,500, resulting in consecutive bearish candles and confirming the validity of the current range. The range's top is at 94,500, bottom at 84,500, and midpoint at 90,000. Currently, it has pulled back to around 90,000, testing support. A break below this level would likely lead to a return to 84,500, but there is some support around 88,000, where a rebound is expected. Ethereum (ETH) also rose to the top of its trading range around 3300 before retreating and closing bearish, confirming the validity of the current range. The range's top is at 3320, bottom at 2770, and midpoint at 3030. Currently, it is approaching this level. A break below this support would likely lead to a return to 2770, with some support around 2900-2930. On the 4-hour chart, both Bitcoin and Ethereum tested the support levels of 90,000 and 3030 before rebounding, demonstrating strong support and validating the importance of the middle position in the previously analyzed trading range. Short positions opened yesterday have yielded some profit. The recommendation remains to continue shorting! Trading Strategy: Bitcoin: Short at 91,500-92,000, target 90,500-89,000, stop loss above 93,000; Ethereum: Short at 3150-3180, target 3080-3000, stop loss above 3230. These strategies are time-sensitive; please refer to the homepage for specific details and private real-time guidance.