Strength does not need to be overly demonstrated, the key is to gain more recognition from others. On the investment road, it is more important to do well than to prove one's strength to others. Whether it's a mule or a horse, you'll know once you take it out for a walk.
As a senior figure in the coin circle, I have always been committed to providing helpful advice to everyone, hoping that everyone will take fewer detours and make fewer mistakes in this market. Although I am earnest, the road to investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024. Let's cheer together!
Bitcoin (BTC) Latest Market Analysis and Reference Suggestions for April 4, 2024
- Looking back at the train of thought reference given yesterday, it was reminded yesterday that after the main force's dive, the rebound and extension after the fall to 64500, the trend changed from short to long. The trend was short the day before yesterday and the day before, but the market cannot always be short. The main force started to oscillate widely between 64500 and 67000, with fluctuations of several thousand points up and down, and the profit space was very considerable. However, the most stable way is the low-long strategy mentioned in my article yesterday. Buy on the dip (because the risk of chasing short is greater than the return).
Looking at the current market situation, as of the deadline for the release of this article, the current price of Bitcoin is around 66300 (1:00 on April 4th). The daily K-line is still in a small upward trend with a slight oscillation.
The daily K-line has retraced and broken through the trend indicator EMA30 near 66300. The two trend indicators EMA15-10 are beginning to converge. The last time they converged was on the 23rd, and the trend inflection point was 66600. This time, the trend inflection point is 64500. The MACD volume has diverged from the high point of DID and DEA, and the main force has not increased its position at this time, the indicators are empty, but the K-line is diverging upwards. The KDJ is opening downwards, and the Bollinger Band is heading downwards. There is still some room for upward movement to challenge the midline at 67700 in the day, and there is still some space to grab (the daily trend is bullish).
Looking at the super short-term trend of four hours, the K-line is once again leveraging the EMA trend indicator. With the pursuit of EMA10 and 15, the short-term standing point above has come to around 66400, and the pressure level is at 68000. The MACD volume has been increasing, and the main force is also increasing its position. The KD is opening upwards and diverging, and the Bollinger Band is not idle. The upper pressure level has been moving downwards, especially the midline has dropped to around 3420, and the lower rail is still diving to the inflection point of 3150. (Although the bulls are strong, it is also necessary to pay attention to the trend points). If 3250 is broken again, there may be a stampede, and the bearish trend may come back, so be prepared. (Short-term trend is bullish)
Specific reference strategy: Pay attention to the first entry point at 65800 for long positions, the second entry point at 65200, and the stop-loss point at 64500. (Short-term short strategies are not provided for the time being, the bulls are strong, and non-professional technical operators should focus on long positions on the pullback). Pay attention to the first exit point at 67000 and the second exit point at 67800 (68000 above is another trend inflection point, and after breaking through, the academician will update a new article for reference). Specific operations should be based on real-time market data, and more information details can be consulted with the author. The article is published with a delay, and it is recommended for reference only. Risk is self-borne.
April 4, 2024 Ethereum (ETH) Latest Market Analysis and Reference Suggestions
The market trend of Ethereum yesterday was basically in line with the prediction. Long positions in the 3220-3270 range continue to be held, and the target is still to pocket the upper range of 3400-3480. Similar to Bitcoin, the academician reminded everyone the day before yesterday and the day before that the main force would wash out and touch the trend inflection point below. The washout ended yesterday, with Ethereum's lower stop at 3200, followed by a pullback of over a hundred points, which is basically considered a unilateral upward trend. The trend remains unchanged, and the market trend is still bullish.
- Looking at the daily K-line, as of the deadline for the release of this article, the current price of Ethereum is around 3350 (1:00 on April 4th). A strong bullish trend does not mean a straight upward trend, there will definitely be a pullback. The daily K-line is sitting steadily at the trend indicator line EMA60 at 3270. The upper EMA trend indicators are expected to converge and concentrate around 3450, which is a position to be noted. The MACD volume is decreasing, and DIF and DEA have formed a polarization. The main force always ends the increase in position when there is polarization. The KDJ is opening downwards and diverging, and the Bollinger Band is converging and heading downwards. After standing idle at 3200, the indicators are stretching upwards. The upper pressure level of the Bollinger Band is at 3490, and the pressure level of the EMA trend is at 3450, forming a 40-point range of pressure. A pocketing point can be chosen in this range.
Looking at the short-term trend of four hours, it is expected to be blocked at the EMA15 trend indicator at 3360. If it cannot go up, there will be a small pullback. Those who have not entered can look for opportunities to lightly position themselves. The MACD volume is increasing, and the main force is stretching, but the motive is not very clear. The KDJ is opening upwards and diverging, and the Bollinger Band is not idle. The upper pressure level has been moving downwards, especially the midline has dropped to around 3420, and the lower rail is still diving to the inflection point of 3150. (Although the bulls are strong, it is also necessary to pay attention to the trend points). If 3250 is broken again, there may be a stampede, and the bearish trend may come back, so be prepared. (Short-term trend is bullish)
The reference strategy remains unchanged from yesterday. The first entry point for long positions is at 3300, the second entry point at 3250, and the stop-loss point at 3220. (For the time being, the strategy is mainly long, continue to go long on the pullback, develop the habit, set good stop-loss to avoid missing the opportunity for a reversal). The market is ever-changing, do not be greedy, specific operations should be based on real-time strategies, and analysis is for reference only. Risk is self-borne.
This article is exclusively provided by the Coin Circle Academician and represents the exclusive views of the academician. Due to the timing of article publication, the above views and suggestions are not real-time and are for reference only. Risk is self-borne. Reprinting should indicate the source. Please control your positions reasonably when trading, and do not over-leverage or go all in. The academician also hopes that all investors understand that the market is always right. If you are wrong, you should summarize your own problems and not let the potential profit slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. Wait for the trend to become clear, and then it's not too late to take action. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the blink of an eye. Develop the strict habit of setting stop-loss and take-profit for each trade. The Coin Circle Academician wishes you a pleasant investment journey!
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