Title:
Zhou Yanling: Bitcoin and Ethereum's Latest Trend Analysis and Trading Strategies for April 17th
Content:
Many people in the market are still holding onto the idea of a rise. A simple explanation is the impact of the halving sentiment, and another is that everyone has been scared by the previous rise, or has been subdued. In fact, Yanling's words have no hidden implications, because this phenomenon is too normal. In the past two years, the market in the currency circle has mostly been a single upward trend, especially in 2024, which is known as the bull market year in the currency circle. However, the market often surprises at this time, breaking through everyone's understanding and refreshing your price bottom line. Who can easily withstand it if it really happens? Regardless of the pressure or temptation.
It's very interesting. Those who can withstand it not only have to bear the pressure brought by the market, but also withstand external attacks. But will there be another series of major declines? Since the drop from 72800, it has already dropped by more than 12800 points. Is it possible to continue this rhythm? Looking back at history, this has happened before. Don't talk about too early times. Most of you have only been in the market for a few years, and those who have been in for about 10 years don't need to mention it. If you haven't experienced it, you won't feel it, but the current market is a panic situation. If you want to understand it from the perspective of a decline, you have to imagine it in a very unconventional way. If you dare not even think about it, why bother worrying about a major decline? In other words, was Bitcoin fierce when it rose to around 73800? The more fierce the rise, the more fearful the decline will be. Many people have been adding to their long positions intermittently. What I'm saying sounds good, and there are also quite a few who switched to short positions midway. Let's talk about the recent one. The decline that started at the end of 2021 continued until 2022, and Bitcoin directly fell to around 16480. I believe many people have experienced it. So now it's a case of the apprentice surpassing the master. Whether the subsequent market is a decline or a rise, of course, with the halving, the market will definitely rise to a certain extent, but what happens after that? Apart from short-term trading, I will respond conventionally, but when it comes to a shift to a decline or continuous selling, I will have to think big.
Bitcoin Strategy for April 17th:
- Long at 63600-63800, stop loss at 400 points, target 64600-64900, breaking through stabilization at 65000, looking towards around 66000.
- Short at 65000-64700, stop loss at 400 points, target 63600-63300, continue downward to around 62400.
- Ethereum Strategy for April 17th:
- Short at 3130-3100, stop loss at 30 points, target 3050-3020-2990.
- Long at 3000-3020, stop loss at 30 points, target 3080-3100-3130, breaking through can see around 3180/3240.
Disclaimer:
The above analysis and strategies are for reference only. Please bear the risk 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.
Image Description:
The image contains a chart showing the market trend.
Author's Note:
This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat Official Account: 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 currency circle contracts/spots. With a solid theoretical foundation and practical experience, the author is good at combining technical and fundamental analysis, focusing on capital management and risk control. The author's operating style is steady and decisive, and is recognized by a large number of investment friends for being easygoing and responsible. If you need to know more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher (WeChat Official Account: Zhou Yanling).
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