1.19 Bitcoin and Ethereum Trend Analysis and Trading Strategy!
On the daily chart, Bitcoin has closed lower for several consecutive days below 94,000, with the strong support at 94,500 broken. Short-term support is currently seen at 92,500-92,000, while resistance has returned to the 94,500 level. Ethereum has also closed lower for several consecutive days below 3300. As previously mentioned, the breakout of the body of the candlestick was not very significant, with initial support at 3280. Currently, support has broken down to around 3170, and resistance has returned to 3280-3320. On the 4-hour chart, both Bitcoin and Ethereum have experienced the expected pullback. Support levels are 92,500 for Bitcoin and 3170 for Ethereum. A break below these levels would target 90,000 for Bitcoin and 33,080 for Ethereum. Since last Friday, we have analyzed the market and anticipated a pullback, subsequently adopting a short-selling strategy. Going long positions can be considered at the lower support levels. Trading Strategy: Bitcoin: Buy at 91500-92000, target 93000-94500, stop loss below 90500; Ethereum: Buy at 3150-3180, target 3250-3280, stop loss below 3100; Strategies are time-sensitive, please refer to the homepage for details, and private real-time guidance shall prevail!