Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road is long and far-reaching. 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 the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable; a successful investor's story is essentially a history of learning and growth. Through hardships and scenery, do not forget the original intention, and you will eventually succeed.

2024.4.13 BTC/ETH————————

Pay attention to the overnight decline, whether it's Bitcoin, gold, or crude oil, all major commodities are plummeting. The probability of being mistakenly affected by the global decline is very high, and the small fry suffer when the immortals fight.

On the daily chart, the price of Bitcoin has dropped from around 71,000 to around 65,100, with an overall drop of about 6,000 points. It is clear that most of the bottom-fishing long positions have been liquidated. Qin Chuan's long position at 68,800 from yesterday is currently at a stop loss of 400 points. In the future market trend, the 68,200 level on the daily chart will form a new position for long and short conversion, which means that the weekend can focus on the 68,200 level as a daily resistance. In the short term, the four-hour chart is definitely in an open state, and there is upward selling pressure at the 67,600 level. The indicators on the chart continue to show bearish momentum, and the overall technical situation is severely deteriorating and requires time to repair. Therefore, the current reference for the upward resistance range is 67,900-68,200 as suggested by Qin Chuan. Furthermore, the current oversold situation of Ethereum is very pessimistic, with its decline approaching twice that of Bitcoin. Therefore, it is recommended to stay out of Ethereum for the weekend.

Pending orders:

Short at 67,900-68,200, stop loss at 300, target 500-800

(The strategy can only be used once, and the placement is at your discretion)

This article is exclusively created by senior analyst Qin Chuan, who has been researching the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He excels in technical and fundamental analysis, emphasizes capital management and risk control, and has a steady and decisive operating style. He is widely recognized by investment friends for his amiable and responsible character combined with decisive operations. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, 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 based on this information is at your own risk. Investment carries risks, so enter the market cautiously.

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