The rebound on April 26th was not strong. Pay attention to the risk of another decline.

CN
1 year ago

Crypto News

April 26th Hot Topics:

1. Grayscale's GBTC saw an outflow of $140 million yesterday.

2. Stripe resumes accepting cryptocurrency payments after a six-year hiatus.

3. Warning: Scammers maliciously modify RPC node links to deceive assets.

4. The USDT balance in exchange wallets hits a new high in a year and continues to rise.

5. Franklin Templeton tokenizes a $380 million U.S. government currency fund on Polygon and Stellar.

Trading Insights

  1. Try to trade when in a good mood and in a good state, and avoid operating when emotions are out of control.

  2. Long-term profitability is the result of more wins than losses. Acknowledge and accept failed trades, and avoid blindly holding positions.

  3. Do not participate in trading with a heated mind during intense market crashes and surges. Acting without a strategy and plan is like trying to get a chestnut from the fire.

  4. For trades with a small risk-reward ratio, maintain a light position; for trades with a large risk-reward ratio, maintain a heavy position with confidence, and consider using low leverage.

  5. Set profit and stop-loss for every trade. Even if unable to determine through analysis, set them based on psychological expectations.

Search for the public account: "Big White Coin"

BTC

Analysis

The overall market fell to around 62800 yesterday before quickly rebounding. The market then continued to rise, reaching a peak near 65270 before falling back. Congratulations to friends who followed the strategy and gained a profit of 3000 points from long positions. Currently, the coin price is running near 64400. The four-hour candlestick pattern has turned from bearish to bullish, and the short positions are gradually decreasing with converging trend lines. Although the upward trend is being resisted, the downward momentum is limited. In the short term, the market is showing narrow fluctuations. As long as the actual price does not break below 63800, the oscillating trend will continue. Looking at the daily chart, the rebound is being resisted, and the price is unable to break through the MA7 moving average line. The trend does not look good, and there is still a risk of a pullback in the short term. As long as it holds above 60,000, there should be no major issues. The strategy is still to be prepared for both scenarios to prevent malicious interference. Resistance above is at 65000-65800, and support below is at 63800-63000.

ETH

Analysis

Ethereum saw a large bearish candlestick pattern yesterday, breaking through multiple supports and dropping to a low of 3073 before rebounding. The price then reached a high near 3190. Congratulations to friends who followed the strategy and gained a profit of 90 points from long positions. Currently, the coin price is running near 3140. Looking at the four-hour chart, the actual price has not been able to break through the support of the MA60 moving average line, and the short positions are gradually decreasing. The support strength in the 3050 area is relatively strong, and the probability of breaking through is not high. The short-term trend is relatively stable with a small range of about 100 points up and down. Aggressive traders can consider shorting at high levels and longing at low levels for short-term trading. On the daily chart, although the market is falling, the trading volume has not followed, indicating that there may not be significant movements. The trend is linked to the overall market. If it cannot stabilize above 3170, there is still a risk of a decline. Many funds will buy in if the price falls too much, so any pullback is a buying opportunity. Resistance above is at 3170-3230, and support below is at 3100-3050.

Disclaimer: The above content is for personal reference only and does not constitute specific operational advice, nor does it bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.

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