At the daily level, after Bitcoin closed with a negative for the first time, as the bulls broke out again on the back of CPi, Bitcoin once again hit a new high near 93500. Yesterday, the daily line tested the high for the second time and closed with a negative again. The expected correction has basically come out. The current upper pressure level can refer to the current high (88500-89000), and the support level is temporarily at 87000-86000. The trend of Ethereum is relatively in line with expectations. After a strong rebound to around 3450 and closing with a negative K for the first time, it continued to close with negatives to get out of the correction. The current lowest has fallen to the 3000 mark. The pressure level refers to the 3100-3150 line, and the support level is temporarily at the 3050-3000 line. If it continues to break down, look at 2877!
Looking at the 4-hour line, Bitcoin is gradually correcting, with highs and lows constantly moving downwards. The important support below is at 86,000. If it continues to break below, it will approach the 80,000 mark. Otherwise, it will form a box structure and mainly fluctuate and consolidate. For Ethereum, the correction trend is more obvious. The important support below is the 3,000 mark. If it breaks below, it will retreat to the important support level of 2877, while on the top, pay attention to the pressure level of 3150!
Yesterday we deployed a short-selling strategy near the pressure level. Unfortunately, Bitcoin failed to enter the market, but the overall trend forecast was accurate. Ethereum just happened to receive the forecast and exceeded expectations in terms of profit taking. For subsequent operations, we still recommend shorting at high levels and looking for a pullback!
Operation idea: short selling at high levels!
Bitcoin short at 88700-89300, target 87000-86000, stop loss above 90000;
Short Ethereum at 3080-3110, target 3020-2950, stop loss above 3150; #BTC连续破新高，你看到多少？
