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Friday daytime BTC ETH strategy
On the four-hour level of BTC, after breaking the previous key support yesterday, a solid bearish candle formed, dropping from 103400 to around 97900, currently oscillating around the core support of 99000.
After a significant decline, the RSI is in the oversold range, indicating a short-term technical correction demand, but the drop in U.S. stocks suppresses the rebound momentum.
The short-term resistance focuses on 101000; if it cannot break through, the correction will be difficult to continue. A break below the support at 98000 will open up downward space to 95000-88000.
Operation direction: if the support holds, then it will rise.
BTC retraces to the range of 98500-99000, with a target of breaking above 101000 and looking at 102500.
ETH has dropped back to the 3180-3200 range, targeting 3280, looking up to 3350.
Especially note that if the support level of 98000 is broken, further downside should be considered, timely stop-loss should be set, and proper defense should be maintained #BTC #ETH .