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From the daily chart perspective, although BTC continues to decline and breaks new lows near 88500, it still manages to close above 91500 after a rebound. It then tests the resistance level at 93000 before retreating, showing signs of a long wick candle bottom. Currently, the probability of breaking new lows again is not high, and the market is expected to consolidate in the 91000-93000 range! Similarly, Ether continues with short positions and breaks new lows near 2870, but it has failed to break the 3000 level with three consecutive dips. After a rebound and testing the pressure levels above at 3120-3170, it meets resistance and retreats. This can also be seen as a short-term resistance level, with support temporarily referenced at 3000, and if it breaks down, the low levels of 2900-2850 should be referenced!
On the 4-hour level, BTC is currently moving overall as mentioned earlier, basically experiencing a dip after a downward consolidation, continuing the rhythm of short positions. The current consolidation range is still referred to as 89000-92000-94000, while the Ether current consolidation range is referenced as 2900-3050-3150!
Yesterday's analysis indicated that the current market is in a consolidation phase within a downward rhythm, so I continued to position high-level short positions. Subsequently, the expected decline was successfully achieved, and all the continuously positioned short positions have yielded substantial profits. Today, I feel that the market will experience some rebound, so I am positioning aggressive long positions!
Operation strategy:
Long BTC at 91300-91800, target 93000-94000, loss below 90000;
Buy Ether at 2990-3020, target 3100-3150, stop loss below 2950;
Strategies are time-sensitive and should be based on real-time guidance provided privately!
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