Currently, from the perspective of the daily chart, BTC has risen steadily to the resistance level near 110500, having tested it once. If it breaks this level, we will continue to look up to the next resistance level at around 112500. Support is back at 108000-106000. Ether has also risen steadily to the resistance level near 4080, but it has not yet tested this point. If it breaks this level, we will continue to look up to the resistance level at 4150-4270, with support at 4000-3900.

On the 4-hour chart, BTC rebounded to the resistance level around 110500, which is also the bottom position of the previous market cycle. If it breaks below this, it will convert to a resistance level. If it continues to rise, we will look at 113000-116000 for potential targets, with support at 108000-106000. Ether is slightly different in that it has not broken below the bottom position of the previous market cycle. Currently, the resistance above is at 4080-4120, and if it continues to rise, we will look at 4200-4270, with support at 4000-3900-3750.

The current market from BTC has reached the previous top-bottom conversion point, and you can try a short position relying on the resistance level!

Short-term trading strategy:

Current price BTC 110400-110900 short, target 109000-108000, stop loss above 112000;

Current price of Ether 4050-4080 for short, target 3980-3900, stop loss above 4130;

The strategy is time-sensitive and is primarily guided by real-time private consultation!
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