Market laws, twists and turns, cyclical changes, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without great ambitions, even with help from influential figures, one will ultimately achieve little. Countless difficulties are not insurmountable; a successful investor's story is essentially a history of learning and growth. The journey may be arduous, but don't forget the original intention, and you will eventually succeed.
2024.4.2 BTC————————
The daily line of Bitcoin broke through the support line. After yesterday's layout of long positions above 70200, it continued to maintain a neutral position after laying out more long positions around 68200. However, it must be admitted that yesterday's layout was not good. Currently, on the daily line, the 70200 level of Bitcoin has turned from support to resistance, with strong support around 68300 below. The overall bearish trend is strong on the daily line. On the whole, the price continues to be maintained within the Bollinger downtrend channel on the four-hour chart, with the upper resistance moving down to around 69800. The lower support at 68000 has not moved up, and after the Bollinger Bands on the one-hour chart began to converge, the price is oscillating around the middle track. If the price can stabilize around 69300, it may test the 70300 resistance. Aggressive short-term traders can enter long positions at the current price of 69300, targeting around 500 points to around 69800. For conservative traders, it is better to do high selling and low buying within the day.
Pre-set orders:
Long at 68200-67800, defend 300 points, target 500-800
(The strategy can only be used once, arrange the take-profit on your own)
2024.4.2 ETH————————
The daily line of Ethereum is under pressure, dropping to the downtrend channel at 3630, with 3530 as the short-term resistance level. Therefore, it is suggested to focus on short-term selling around 3530 within the day, with support at 3320 below. The bearish stance on the daily line is very clear, but I dare not or do not want to advise everyone to lay out short positions, because I know that the current cryptocurrency market prices are definitely in a bull market at a low level. Therefore, there is no good support position on the daily line for everyone to lay out long positions. It is recommended to wait and see on the daily line. In the short term, the price on the four-hour chart is undoubtedly in a downtrend channel, and 3550 has become the short-term market's resistance level, also known as the pressure level. Support below is around 3370. In summary, it is suggested to be conservative and wait and see for Ethereum, and aggressive shorting at high levels.
Pre-set orders:
Long at 3350-3370, defend 30, target 30-50
(The strategy can only be used once, arrange the take-profit on your own)
This article is exclusively written by senior analyst Qin Chuan, who has been studying the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control, and has a steady and decisive operating style. For more real-time investment strategies, trading techniques, operation skills, and candlestick knowledge, please follow the public account: Zhao Qin Chuan.
Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading carries risks, and entering the market requires caution.
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