From the weekly chart, both BTC and Ethereum closed with bullish candles, but a true breakout still depends on their ability to break key levels. BTC is stuck at the critical resistance of 94,000, while Ethereum is seesawing around the 3,200 level. Neither has managed to break out effectively yet.
The daily trend is clearer—BTC is steadily grinding upward, with the key resistance zone currently between 93,500-94,500. The price first tested this area, then pulled back to the 89,000 support. Following this logic, there will likely be another attempt at the resistance level. If it breaks out, the 100,000 mark is within reach. On the other hand, if it fails to break through, be prepared for continued choppy trading within a new range. Ethereum's rhythm is basically in sync with BTC, with 3,230 as the key level to conquer and support at 3,000. If a breakout succeeds, 3,600 is the next target; if not, a small-range consolidation mode will kick in.
On the 4-hour chart, both coins are preparing to retest the highs after pulling back to support. As long as the range structure holds, beware of the risk of pullbacks from the highs. Once a breakout occurs, chasing higher prices is justified. Currently, the market is hovering near the upper resistance of the range. **Trading strategy going forward: prioritize short positions.**
Specifically: - **BTC**: Short in the 93,500-94,000 range, target 92,500-91,000, stop loss above 95,000 - **Ethereum**: Short in the 3,200-3,230 range, target 3,100-3,050, stop loss above 3,280
These strategies are time-sensitive; always adjust flexibly based on real-time market conditions.
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OffchainWinner
· 2h ago
It's a box and a broken position, which makes me a little confused, but it seems that empty orders are indeed the mainstream idea
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MissedAirdropAgain
· 3h ago
94,000 This hurdle is really stuck, and it feels like it will either break or die
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GasFeeBeggar
· 18h ago
Blocking again, this must be the feeling of waiting for that moment.
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MEVHunter_9000
· 12-08 10:21
Another short position again. The 94,000 level needs to be broken for things to get interesting, otherwise, it's just getting hit repeatedly.
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MetaLord420
· 12-08 10:17
Short positions are likely to be breached this time; 94000 is just a psychological barrier, don’t be too optimistic.
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PessimisticOracle
· 12-08 10:13
It's another short position idea, but it feels like 94000 hasn't been completely invalidated yet.
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DegenRecoveryGroup
· 12-08 10:10
94,000 still can't be broken, feels like this round will keep torturing people within the box.
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ForumMiningMaster
· 12-08 10:09
I've long grown tired of seeing the 94000 level—it always feels like a choke point.
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DegenWhisperer
· 12-08 10:05
The 94,000 level is really stubborn, stuck here again.
From the weekly chart, both BTC and Ethereum closed with bullish candles, but a true breakout still depends on their ability to break key levels. BTC is stuck at the critical resistance of 94,000, while Ethereum is seesawing around the 3,200 level. Neither has managed to break out effectively yet.
The daily trend is clearer—BTC is steadily grinding upward, with the key resistance zone currently between 93,500-94,500. The price first tested this area, then pulled back to the 89,000 support. Following this logic, there will likely be another attempt at the resistance level. If it breaks out, the 100,000 mark is within reach. On the other hand, if it fails to break through, be prepared for continued choppy trading within a new range. Ethereum's rhythm is basically in sync with BTC, with 3,230 as the key level to conquer and support at 3,000. If a breakout succeeds, 3,600 is the next target; if not, a small-range consolidation mode will kick in.
On the 4-hour chart, both coins are preparing to retest the highs after pulling back to support. As long as the range structure holds, beware of the risk of pullbacks from the highs. Once a breakout occurs, chasing higher prices is justified. Currently, the market is hovering near the upper resistance of the range. **Trading strategy going forward: prioritize short positions.**
Specifically:
- **BTC**: Short in the 93,500-94,000 range, target 92,500-91,000, stop loss above 95,000
- **Ethereum**: Short in the 3,200-3,230 range, target 3,100-3,050, stop loss above 3,280
These strategies are time-sensitive; always adjust flexibly based on real-time market conditions.