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BTC and Ethereum trading strategy for the new week:
BTC:
Plan one is to effectively maintain an upward trend while running above the support level of 116000 points to 115700 points, aiming to challenge the resistance level near 12000 to 121000 points, and effectively maintain operation below 120000 points, continuing to oscillate in a sideways manner between the upper resistance level of 120000 points and 116000 points below.
Plan two, effectively break through the resistance level of 120,000 points and maintain operation above 120,000 points, aiming to impact the previous high point of 123,200 points nearby. If it cannot break through 123,200 upwards, it will show a downward bearish trend, or if it breaks through the previous high point of 123,200 points, it will show a continuation of the upward trend.
Plan three: If it breaks down again below the support level of 116000 to 115700 points, it will continue to test the support level near 114700 points. If it does not break below the support level of 114700 points, it will show an upward rebound trend again. Alternatively, if it breaks down below the support level of 114700 points, it will move down to retest the daily support levels near 112000 points and 110500 points, and effectively maintain operation above the support level of 110500 points to initiate an upward trend.
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Ethereum:
Plan One: Effectively break through the resistance level around 3780 points and maintain operations above 3780 points, continuing the upward rebound to test the resistance levels of 3860 points, 3905 points, 3987 points, and the bullish-bearish reversal level near 4100 points. If it cannot effectively break through 4100 points and remains below 4100 points, it will move into a downward bearish trend. Conversely, if it effectively breaks through the resistance level of 4100 points and maintains operations above 4100 points, the upward trend will look at the resistance levels around 4370 points and 4870 points.
Plan 2, effectively maintain operation below the resistance level of 3780 points, pull back to support levels near 3610 points and 3500 points, and after successfully maintaining above the support levels of 3610 points and 3500, complete the pullback and launch a new upward trend.
Plan three: effectively break down below the support level around 3500 points and maintain operation below 3500 points to form a downward deep decline trend. Pay attention to support levels at 3430 points, 3360 points, and around 3100 points.