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On the weekly level, BTC and Ether have both tested up and down for the past two weeks, maintaining the trading range structure overall. On the daily chart, BTC's overall movement is quite strong, with a clear trading range structure: the top is at 94500, the bottom at 84500, and resistance around the 90000 mark. As previously mentioned, before the trading range is broken, you can short at the top and go long at the bottom; chase in once it breaks out! Ether is overall stronger than BTC, as it had a standout breakout situation, and subsequently fell back while remaining in sync, still in the trading range structure with the top at 3320, the bottom at 2770, and resistance around 3030!
On the 4-hour level, the trading range pattern of BTC appears to be more obvious, with a top of 94000 and a bottom of 84000. The previous analysis has illustrated this very clearly. Ether, removing the consistently outstanding candlestick, also follows the rhythm of operating within the trading range, with a top of 3250 and a bottom of 2770. For now, let's continue to judge based on the original trading range!
The current market is running near the middle resistance level of the trading range, and the subsequent operation suggestion is to focus on going long on pullbacks!
Operation idea:
Go long on BTC at 88500-89000, target 90500-92000, stop loss below 87500;
Go long Ether at 2980-3010, target 3100-3150, loss below 2930;
The strategy is time-sensitive and is subject to real-time guidance in private!
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