BTC closed down, Ether closed up, be cautious when chasing the price! 8.9 BTC ETH strategy

The United States and Russia are finalizing a so-called "peace agreement" under which Russia's occupation of parts of Ukraine will be regarded as a fait accompli from its military actions in February 2022, according to individuals familiar with the matter. U.S. and Russian officials are drafting the agreement regarding territorial issues in preparation for the planned summit between President Trump and President Putin. Last night, Trump reiterated that tariffs have a huge and positive impact on U.S. stocks! This can also be confirmed, as many countries have signed a large number of trade orders with the U.S. The U.S. stock market opened high and continued to rise yesterday, with the Nasdaq jumping nearly 1%. Last night's shorts were also reminded to exit across the network, making a small profit!

From a technical perspective, the daily BTC closed lower while Ether closed higher, with completely different magnitudes. Since the introduction of the 401k plan into cryptocurrency, the price of BTC has not risen as much as that of Ether. Conan believes that BTC bulls are weak, and everyone should be cautious when chasing the price of Ether, especially as its price approaches previous highs. For the day, watch for a potential pullback in Ether! Key resistance levels for BTC are at 118000, 1189000, and 119500, while support levels are at 115500, 114200, 113300, and 112600. For Ether, resistance levels are at 4070, 4110, and 4200.

8.9 BTC trading strategy: Aggressive traders can short during the rebound at 117200-117500, while conservative traders can enter during the rebound at 118000-118500. Set a stop loss near 119000, with targets at around 116000-115000-114200. If the price breaks down, look for levels around 113300-112600, and continue to move the stop loss according to the situation!

8.9 Ether trading strategy: Aggressive traders enter short at the rebound of 4030-4060, while conservative traders enter at 4100-4130, with a stop loss around 4200. The target is set around 3930-3900, and if it breaks down, the focus is on 3870-3850. Continue to move the stop loss if it breaks down, depending on the situation!

Long position idea: Buy one contract of BTC on the first pullback to 113000-113500, with a stop loss near 112500. Target around 114500-115000, adjust the stop loss based on the situation if it breaks!

Chase the price on Ether intraday pullback at 3830-3850 with a position, defend near 3800, target around 3900-3930-3950, adjust stop loss accordingly if it breaks!

Recently, Ether bulls have been making efforts, but the upward momentum of BTC is insufficient. Therefore, caution is needed when chasing the price. Ether is quite volatile. Everyone should avoid holding positions; risk management comes first. Protecting your capital is the only way to have a chance to turn things around!