Currently, the market from the daily chart shows that BTC plummeted to probe the 100,000 mark, closing above 110,000. The next day, the entity tested the 110,000 mark for the second time before starting a rebound. Currently, support is formed at 114,000-112,500, with resistance levels at 115,000-117,000 above; Ether followed the BTC trend, testing the 3,700 line for the second time before starting a rebound. Currently, support is formed at 4,000-4,050, with resistance levels at 4,220-4,270 above.


Looking at the 4-hour level, BTC has continuously consolidated after breaking through the high point of the oscillation. The short-term resistance level is 115500-116500. If it pulls back to the support level of 113000 after reaching a high, it will continue to rise. Ether has resistance at 4200 above. If it pulls back to the support level of 4000 after reaching a high, it will continue to rise;

The current market is steadily climbing, and it is advisable to mainly focus on buying on dips!
Short-term trading strategy:
Long BTC at 113800-114300, target 115000-116000, stop loss below 112500;
Long Ether at 4080-4110, target 4200-4270, stop loss below 4020; #Gate保险箱上线
BTC2%
ETH0.07%
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