From the daily chart perspective, BTC has been dropping with consecutive bearish candles, repeatedly hitting new lows down to around 80,600, before rebounding and closing above 84,000, which is roughly in line with our previously predicted bottom range of 83,000-84,000. Afterwards, the market tested the 84,000 support level a second time and stabilized, currently testing the upper resistance at 86,500. A breakout targets 87,500! Similarly, ETH has also been dropping with consecutive bearish candles, hitting new lows near 2,620 before rebounding and closing above 2,750, which matches our earlier predicted bottom around 2,760. The market then tested the 2,760 support a second time, stabilized, and is now testing the upper resistance at 2,820-2,850. A breakout targets 2,950!

On the 4-hour chart, BTC is currently showing a steady upward trend. Upper resistance is at 87,000; a breakout targets 89,000-93,000. Support is at 84,000-82,000. ETH is moving in sync, with upper resistance at 2,850-2,880; a breakout targets 2,980-3,030. Support is at 2,760-2,680!

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Previous analysis indicated the current market is in a consolidation phase within a downward trend, and it seemed likely we would see a rebound. After the aggressive long positions were stopped out, we followed up with shorts, which successfully captured the anticipated move down and aligned with our previously estimated bottom area. The series of short positions placed consecutively also yielded significant gains. Currently, the bearish trend appears to be coming to an end, and it is now recommended to go long at lower levels!

Trading strategy:

BTC: Go long at 84,500-85,000, target 86,500-87,500, stop loss below 83,500;

ETH: Go long at 2,760-2,790, target 2,850-2,950, stop loss below 2,700;

Strategies are time-sensitive; please refer to private real-time guidance for specifics!

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