The daily chart shows that Bitcoin has tested the bottom of the box structure for the third time after dropping to around 63,000. The support has been tested successfully, forming a bullish pin candle. The market trend is generally in line with expectations, operating within the 71,000-63,000 range, having experienced two rounds of testing and back-and-forth movement. Currently, it is trading below 68,000, with resistance levels at 68,000-70,000-71,000 and support at 66,000-63,000.
Ethereum's daily chart trend is synchronized with Bitcoin. After the third test of the 1,800 support level, the price has been moving within the 1,800-2,150 range. The current resistance is at 2,050-2,150, and support is at 1,950-1,920-1,800.
On the 4-hour chart, Bitcoin and Ethereum's oversold correction zones remain clearly defined. Bitcoin's range is 71,500-62,500, and Ethereum's is 2,150-1,800. The market has tested support successfully three times, but the rebound still has some distance from the resistance levels. Therefore, it is recommended to pull back and go long! The long positions laid out yesterday have also been successfully closed for profit.
Trading strategy:
Buy Bitcoin at 65,800-66,300, targeting 67,500-69,000, with stops below 65,000;
Buy Ethereum at 1,940-1,960, targeting 2,000-2,100, with stops below 1,900;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!
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The daily chart shows that Bitcoin has tested the bottom of the box structure for the third time after dropping to around 63,000. The support has been tested successfully, forming a bullish pin candle. The market trend is generally in line with expectations, operating within the 71,000-63,000 range, having experienced two rounds of testing and back-and-forth movement. Currently, it is trading below 68,000, with resistance levels at 68,000-70,000-71,000 and support at 66,000-63,000.
Ethereum's daily chart trend is synchronized with Bitcoin. After the third test of the 1,800 support level, the price has been moving within the 1,800-2,150 range. The current resistance is at 2,050-2,150, and support is at 1,950-1,920-1,800.
On the 4-hour chart, Bitcoin and Ethereum's oversold correction zones remain clearly defined. Bitcoin's range is 71,500-62,500, and Ethereum's is 2,150-1,800. The market has tested support successfully three times, but the rebound still has some distance from the resistance levels. Therefore, it is recommended to pull back and go long! The long positions laid out yesterday have also been successfully closed for profit.
Trading strategy:
Buy Bitcoin at 65,800-66,300, targeting 67,500-69,000, with stops below 65,000;
Buy Ethereum at 1,940-1,960, targeting 2,000-2,100, with stops below 1,900;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!