BTC Market Analysis:

BTC: Bitcoin experienced a full adjustment yesterday and is currently attempting to test 71000 again. In addition, the market share continues to rise, and with the approval of the Hong Kong Bitcoin spot ETF imminent, it is expected that the majority of domestic funds will flow in and rise.

In the face of the bullish news of Bitcoin halving and the approval of the Hong Kong ETF, we can consider the current phase as a period of consolidation. If the bullish news is confirmed, the upper resistance of the consolidation phase may be broken, and a new high may be reached.

Intraday resistance levels can be referred to as 71350 and 72420. Before the price breaks the first resistance level, 71000 may continue to be tested. Once the price rises near the first resistance level, I personally believe that 71000 has stabilized, and the possibility of testing a new high will greatly increase.

Even if there is a brief breakthrough of 71000 when breaking the high point, I do not recommend immediately entering long positions. Instead, I suggest checking whether the candlestick chart stabilizes above 71000 first.

The first support level can be referred to as 70500 and 69950. Currently, I believe that the price may likely pull back to the first support level intraday. If the pullback fails, the first support level will be a favorable entry point for long positions.

In addition, in today's trading, I will continue to maintain a bullish view. However, I do not recommend entering the market during the uptrend, but rather focus on the strategy of buying on the dip.

ETH: After the rebound from the double bottom on the daily chart, Ethereum has not reached the 3800 level. The current trend is aiming to challenge a resistance level, with the intraday support levels at 3460 and 3500. The upper resistance levels are at 3650 and 3800.

4.12 Shiyechen's Short-term Pre-set Orders:

Yesterday, Bitcoin's short-term long positions were set around 69100-69500, and Bitcoin fell to a low of 69588 in the evening. It immediately rebounded, reaching a high of 70753 in the early morning, achieving the first target for long positions.

Unfortunately, the long positions set for ETH around 3420-3460 were empty.

BTC:

First entry point for long positions: 70500, second entry point: 69950, target: 71000-71350

First entry point for short positions: 71350, second entry point: 72420, target: 70500-69950

ETH:

First entry point for long positions: 3500, second entry point: 3460, target: 3560-3650

First entry point for short positions: 3650, target: 3580-3460

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