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From the daily chart perspective, after BTC made a second dip to the 84,000 level and then rebounded, it is currently testing resistance at the 93,000 level. If it continues to break upward, look for 94,500-95,500. Support has shifted to 90,500-91,500. ETH is moving in sync. After a second dip to the 2,750 level and subsequent rebound, it is currently testing resistance at 3,080-3,100. If it continues to break upward, look for 3,170-3,230. Support has shifted to 3,000-3,030!
On the 4-hour chart, both BTC and ETH rebounded to test resistance after a second bottom, BTC at 93,000 and ETH at 3,100. As previously analyzed, if the second dip fails to break lower, a range-bound structure will form for consolidation. The range hasn't formed yet. If the price continues upward, watch BTC at 94,500-96,000 and ETH at 3,170-3,230. If resistance holds and price falls back, the range structure can be confirmed!
The previous bearish outlook was also based on the second dip setup, and real-time price action has met expectations. However, the duration and strength of the rebound remain uncertain. Since the price is currently near resistance, it's recommended to continue focusing on short positions!
Trading ideas:
Short BTC at the current price of 92,800-93,300, target 91,000-90,000, stop loss above 94,000;
Short ETH at the current price of 3,080-3,100, target 3,000-2,950, stop loss above 3,180;
Strategies are time-sensitive. For specifics, refer to private real-time guidance!
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