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Can Bitcoin hold the 94,700 support level? It directly determines the fate of the upcoming rebound. If the 4-hour chart recovers above 94,700, there is still hope for the market to continue rebounding; otherwise, this rebound may be coming to an end. Once broken below, all cryptocurrencies will lose their reason to remain bullish.
Ethereum's movement generally follows Bitcoin, with its key critical level around the 3,280 range.
From a trading perspective, the approach for Bitcoin is as follows: When a small-scale rebound reaches between 94,200 and 94,700, if the 1-hour chart shows clear resistance, it can be considered a shorting opportunity. Set the stop-loss above 95,800 (giving a 1,000-point range), and the take-profit target below in the 80,000 to 70,000 range.
Ethereum's strategy is similar. When the rebound reaches around 3,260-3,280 and faces obvious resistance, you can follow up with a short plan. Place the stop-loss above 3,370, and the take-profit targets are similarly set between 2,000 and 1,500.
The core trading principle is to prepare your plan in advance and then execute it strictly. Market opportunities always exist; those who are prepared are the ones who can seize them.