The daily chart shows that Bitcoin continues to close with a bearish candle, with weak overall rebound strength. It remains in the lower half of the box structure, with the top at 94,500 and the bottom at 84,500, with resistance around the 90,000 level. Currently, there are signs of another bottoming out! Ethereum is slightly stronger than Bitcoin but still operates in the lower half of the box, with the top at 3,320 and the bottom at 2,770, with resistance near 3,030. It is also beginning to fall back after a brief suppression, indicating potential bottoming out again!
On the 4-hour chart, Bitcoin has been oscillating downward after breaking below the support at 88,000, which was built during the recent sideways consolidation. There is still some room to the bottom at 84,500. Ethereum, although falling back, has not broken below the support at 2,930, which was established during the recent sideways consolidation. A break below could see it drop toward 2,770!
Currently, the market is under continuous pressure at the middle resistance of the box structure. Multiple attempts to break through have failed. The long positions laid out yesterday have a chance to break even or take slight profits. Future operations are recommended to short at high levels!
Trading ideas:
Short Bitcoin at 87,000-87,500, target 86,000-84,500, cut losses above 88,500;
Short Ethereum at 2,940-2,960, target 2,850-2,780, cut losses above 3,000;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!
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