Title:
Zhou Yanling: April 11 Bitcoin and Ethereum Latest Trend Forecast Analysis
Content:
Today, heading straight to the point, Bitcoin experienced a small V-shaped rise last night, with a bullish daily close. Today, attention is still focused on the 5-day moving average support around 68000. As long as the day session price remains above the 5-day moving average, the one-way rise will continue. Conversely, if the price falls below the 5-day moving average before the US session, a short-term adjustment and correction may occur. Additionally, there has been no accelerated surge in prices in recent days, so it is not urgent to judge a short-term peak. If a correction occurs, it may also be treated similarly to the trend in the latter half of March, with high-level box resistance to resist the decline and correct, exchanging time for space. On the 4-hour chart of Bitcoin, the previous candle closed slightly below the 10-day moving average, so attention should be paid to the closing situation of this 4-hour period. If it reclaims the short-term moving average, then the high points of 72500/73700 will be tested, and may even be surpassed. Conversely, if it continues to close bearishly, a series of bearish candles will likely press for a correction to test the midline around 67500.
Short-term Bitcoin Operation Strategy for April 11:
- Long at 70500-70800, with a stop loss of 300 points, targeting 71500-71700-72000
- Short at 71900-71600, with a stop loss of 300 points, targeting 70900-70600
Disclaimer:
The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may lag behind, and the strategies may not be timely. Specific operations should be based on Yanling's real-time strategies.
Image Captions:
Image 1: Chart analysis
Image 2: Short-term operation strategy
Author's Note:
This content is exclusively created and shared by senior analyst Zhou Yanling (WeChat: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, mainly analyzing and guiding operations in the coin circle contracts/spots of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, etc. With a solid theoretical foundation and practical experience, the author excels in technical and fundamental analysis, emphasizes fund management and risk control, and adopts a steady and decisive operational style. Widely recognized by investment friends for being accommodating and responsible, as well as for sharp and decisive operations. For more real-time investment strategies, trading techniques, operational skills, and knowledge of candlestick charts, please follow the teacher (WeChat: Zhou Yanling).
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