1.10 Bitcoin/Ethereum Trading Strategy with Market Analysis
Bitcoin and Ethereum have continued to fluctuate within a narrow range in recent days. Our previous strategy involved shorting above 3280 multiple times, and during the recent pullback, we also positioned long orders multiple times around 3060-3080. The overall trading range is visible throughout. Currently, the market presents a "resistance above, support below" oscillation pattern, with bulls and bears repeatedly competing at key price levels. From a technical perspective on the daily chart, Bitcoin/Ethereum faces strong resistance above, with insufficient upward momentum in the short term.
Bitcoin/Ethereum faces strong resistance around 92500 and 3180 on the upside, which has been tested multiple times. The 89500 and 3060 psychological levels are important support points below, followed by 89000 and 3040. If broken with volume, it may trigger a deeper pullback. From a macro perspective, the U.S. December non-farm payroll data was mixed, and the market needs to await more data to form a new consensus expectation. Before a volume breakout above key resistance or a breakdown below important support occurs, Bitcoin and Ethereum are likely to maintain oscillation patterns.
Trading Recommendations: Bitcoin long near 89500-90000, target around 92000; Ethereum long near 3050-3070, target around 3140-3170.
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1.10 Bitcoin/Ethereum Trading Strategy with Market Analysis
Bitcoin and Ethereum have continued to fluctuate within a narrow range in recent days. Our previous strategy involved shorting above 3280 multiple times, and during the recent pullback, we also positioned long orders multiple times around 3060-3080. The overall trading range is visible throughout. Currently, the market presents a "resistance above, support below" oscillation pattern, with bulls and bears repeatedly competing at key price levels. From a technical perspective on the daily chart, Bitcoin/Ethereum faces strong resistance above, with insufficient upward momentum in the short term.
Bitcoin/Ethereum faces strong resistance around 92500 and 3180 on the upside, which has been tested multiple times. The 89500 and 3060 psychological levels are important support points below, followed by 89000 and 3040. If broken with volume, it may trigger a deeper pullback. From a macro perspective, the U.S. December non-farm payroll data was mixed, and the market needs to await more data to form a new consensus expectation. Before a volume breakout above key resistance or a breakdown below important support occurs, Bitcoin and Ethereum are likely to maintain oscillation patterns.
Trading Recommendations: Bitcoin long near 89500-90000, target around 92000; Ethereum long near 3050-3070, target around 3140-3170.