The daily chart shows that Bitcoin has risen to the top of the box structure at 94,500 and then started to close with a downward candle. Previously, it was emphasized that breaking through the middle resistance level could lead to a move toward the top, and this structure remains valid. The box top is at 94,500, the bottom at 84,500, and the middle at 90,000! Ethereum also continues to rise with consecutive bullish candles toward around 3,300. After breaking the middle resistance of the box, it has been rising steadily. It was also clearly stated before that after breaking 3,030, Ethereum could gradually target 3,320-3,420. Currently, it has reached the expected level. The daily box structure remains valid, with the top at 3,320, the bottom at 2,770, and the middle at 3,030!
On the 4-hour chart, Bitcoin has clearly reached the top of the box structure. It has tested twice but still failed to break through. The box structure is still valid. Yesterday’s long positions were re-entered and profitably closed. Ethereum also performed as expected, with two tests of the 3,230 level facing resistance and pulling back. The long positions laid out yesterday were successfully closed for profit. Looking ahead, the pullback strength is expected, with strong support below at 3,200-3,030!
Currently, the market has shown a expected second top and started to decline. The long positions on Bitcoin and Ethereum laid out yesterday have been successfully closed for profit. It is advisable to continue to short at high levels!
Trading strategy:
Short Bitcoin at 92,000-92,500, target 91,000-90,000, stop loss above 93,500;
Short Ethereum at 3,230-3,260, target 3,180-3,100, stop loss above 3,300;
Strategies are time-sensitive; specific guidance will be provided privately in real-time!