• Zhou Yanling: Bitcoin and Ethereum's latest trend forecast analysis and strategies for April 20th

Yesterday was truly an exciting day, with rapid and large fluctuations in both directions. Looking at the Bitcoin market trend, the main rhythm is still oscillating around the hourly chart's upper and lower acceleration lines. Yesterday, it fell in the early session to near the lower acceleration line of the hourly chart and rebounded, with pressure from the upper acceleration line on the 30-minute chart. Therefore, for Saturday, if there is oscillation, the focus should be on two points. One is to pay attention to the breakthrough upwards and continue to observe the lateral pressure and the hourly chart's acceleration line near 65800, which is also the upper line of the four hours. The focus below is still the lower line of the four hours, with attention in the early session on the support at 63600 of the hourly chart's lower line. Currently, the hourly chart has been suppressed by the second peak at 65500 last night. At present, it belongs to the short position, so holding the short position. If there is oscillation, it will not break through 63600 in the early session. If it does break, it will further decline. Therefore, overall, there are no so-called bulls or bears at the moment. As long as you do not chase the rise or kill the fall, both long and short positions have the opportunity to profit. However, most of the weekends will eventually form a one-sided trend in the US market, so short-term oscillation will be the main focus during the day. However, one should also be cautious about the possibility of drastic fluctuations due to the halving event during the day session. Once there are at least three resonances in the period below 4 hours in the evening, one can take a one-sided wave.

Bitcoin operation strategy for April 20th:

1. Long at 63800-64200, stop loss at 400 points, target at 65000-65400-65800
2. Short at 65800-65400, stop loss at 400 points, target at 64200-63800-63500

Ethereum operation strategy for April 20th:

1. Short at 3130-3100, stop loss at 30 points, target at 3060-3030-3000
2. Long at 3020-3040, stop loss at 30 points, target at 3100-3130, and look at around 3175 if it breaks

[The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have a lag, and the strategy does not have timeliness. Please refer to Yanling's real-time strategy for specific operations.]

This article is exclusively created and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding the operations of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other coin circle contracts/spots. With solid theoretical foundation and practical experience, the author is good at combining technical and fundamental analysis, focusing on capital management and risk control. The operating style is steady and decisive, and is recognized by the majority of investment friends for the amiable and responsible character and decisive operation. If you need to know more about real-time investment strategies, trading techniques, operation skills, and candlestick knowledge, you can follow the teacher (WeChat public account: Zhou Yanling).

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