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On the daily chart, BTC formed a long wick candle bearish K-line, with a clear trading range structure, top at 94500, bottom at 84500, and resistance around the 90000 level. The market is currently being pressured here and has started to decline! Ether is still stronger than BTC overall, and it remains in a trading range structure, with a top at 3320, a bottom at 2770, and resistance around 3030. It has also started to decline after a brief period of pressure!
On the 4-hour level, the trading range pattern of BTC appears to be more obvious, with the top at 94000, the bottom at 84000, and the middle resistance at 90000. It has currently broken below the support level of 88000 established during the sideways consolidation of the past few days. Ether is still operating within the trading range, with the top at 3250, the bottom at 2770, and the middle resistance at 3030. Although there has been a pullback, it has not broken below the support level of 2930 that was established during the sideways consolidation of the past few days!
The current market has started to pull back after running near the middle resistance level of the trading range; subsequent operations suggest to continue going long!
Operation strategy:
BTC 87000-87500 long, target 88500-90000, stop loss below 86000;
Long Ether at 2940-2960, target 3050-3100, stop loss below 2900;
The strategy is time-sensitive and is subject to private real-time guidance!
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