• Title:

• Zhou Yanling: Why did Bitcoin plummet by 4.2? What to do if long positions are trapped? Latest trend forecast and analysis to break free

• Content:

• The speed of today's market outbreak is estimated to have caught many people by surprise. If the situation continues like this, it is estimated that Bitcoin will reach 60,000 points or even earlier than the halving. In fact, regarding yesterday's market, Yanling firmly believed in a unilateral decline to 68,000. The target position was indeed reached at midnight last night, but the Asian market continued rapidly today, trapping many people who entered long positions at the high point of the day. If your position is not heavy, there may still be hope. Due to the different situations of being trapped for each person, if you need help breaking free, you can come to Yanling for communication and solutions.

  

• The price has already fallen below support, and the 4-hour support is currently precarious. If you are long, it's better to wait and make a decision later. This market is no longer something that can be reversed by using analytical methods. Unless there is a rapid rebound of 5,000 points within the week, then we can still track from a bullish perspective. But until that happens, going long is only for intraday prices and fluctuations, and you must enter and exit quickly, not hold for long. Don't talk about breaking through any key levels. Yanling emphasizes again that this kind of statement becomes very unrealistic after breaking through 68,000. Yanling is not denying the previous bullish thinking. What needs to be considered now is definitely the price support. If this issue is not resolved, and it hasn't reached the point of reversing to a bullish trend, what's the use of going long every day even if it rises later? Do you have that much capital? Is your position still intact? It's easy to say one thing, but it becomes very complicated when you add operations. I hope everyone understands this point.

  

• Bitcoin Operation Strategy on April 2:

  1. Short at 67,500-67,000, with a stop loss of 400 points, target 65,500-65,000-64,600
  2. Long at 65,000-65,500, with a stop loss of 400 points, target 66,200-66,800

• Ethereum Operation Strategy on April 2:

  1. Short at 3,390-3,365, with a stop loss of 40 points, target 3,280-3,250. If broken, look at around 3,180
  2. If 3,250 is not broken, consider going long. Long at 3,250-3,270, with a stop loss of 40 points, target 3,320-3,350

• [The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have delayed strategies and lack timeliness. Specific operations should be based on Yanling's real-time strategies.]

  

• This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat: 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 adept at combining technical and fundamental analysis, emphasizing fund management and risk control, and has a steady and decisive operational style. Widely recognized by the majority of investment friends for being easygoing and responsible, as well as sharp and decisive in operations. If you need to understand more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher (WeChat: Zhou Yanling).

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