On the daily chart, after experiencing several days of volatile sideways consolidation, Bitcoin has formed an initial support at 89000-90000. It is clearly showing a sideways trend instead of a decline, with support continuously moving up. The current resistance level can be referenced around 92000-92500, and it is expected to continue testing the previous high level of 93500. The short-term support is at 90000-90500. Ethereum's pullback is relatively larger than Bitcoin's, and its fluctuation range is also more regular. Currently, the support still refers to 3000-3050, with a resistance level at 3150-3200. A breakout would allow for further upward movement to 3250-3350. If it breaks below the 3000 level, we need to look down towards the key support near 2877!
On the 4-hour chart, Bitcoin's current fluctuation range is gradually narrowing and moving up. The upper resistance level around 92500 needs to be monitored for a breakout, while the lower support level at 90000-89500 should also be observed. If it moves downward, it will inevitably test the bottom again at 87000-86500. You can directly enter trades if it continues up or down. Ethereum's 4-hour range is relatively regular, referencing 3200-3050. Similarly, the upper continuation could reach 3350, while the lower continuation needs to break the support at 3000!
Trading strategy: Buy low!
Buy Bitcoin at 90000-90500, target 91500-92500, with a stop loss below 89500;
Buy Ethereum at 3020-3050, target 3100-3200, with a stop loss below 2990;
