Zhao Qinchuan: Yesterday accurately laid out high-level short positions, the intraday atmosphere continues to persist

CN
1 year ago

Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road is long and far. Doubt can filter risks, but it can also miss opportunities. To seize opportunities, one must be brave to try. Different attitudes towards life lead to different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable. The success story of an investor is actually a history of learning and growth. The journey is arduous, but the initial intention must not be forgotten to achieve the ultimate goal.

2024.4.19 BTC————————

The short position at 63800 set up yesterday successfully reached a profit target of over 800 points. Congratulations to the practical team members for their gains! Currently, the situation on the daily chart belongs to the transformation between long and short, and the overall candlestick pattern indicates a downward trend. However, a sudden bullish engulfing candlestick appeared at the bottom after the downtrend, showing a reversal posture. If the overall price does not fall below 62500 on the intraday, the bullish trend will continue. Although the price is currently being suppressed by the resistance level, the breakthrough of the daily resistance near 63600 is within reach. Therefore, as long as the price stabilizes above 63600 on the daily chart, there will be no significant resistance at the high level.

Therefore, the aggressive approach on the daily chart is to short at the current price of 63000 and continue to hold after breaking below 62500. For a stable approach, it is recommended to observe the subsequent trend while maintaining a short position on the daily chart. Currently, the price on the four-hour chart has just entered an upward channel, with the support level at around 62700. The MACD indicator shows a bullish volume surge, and the fast and slow lines are running with an open gap at the bottom, while the KDJ three lines are at a high level with the J value turning downward, indicating an overall retracement to find support. Therefore, it is suggested to focus on long positions on the daily chart for the four-hour chart. On the one-hour chart, the overall bearish trend is spreading, with the MACD switching between long and short, and the KDJ sharply turning downward. The strong support level is around 60200 near the integer level. In summary, it is recommended to maintain a stable short position on Bitcoin and reduce the position in a volatile market, and to take an aggressive approach to shorting.

Pending orders:

Short at 65600-64800, with a 300-point defense and a target of over 500-800 points

(The strategy can only be used once, and the profit-taking should be arranged independently)

2024.4.19 ETH————————

The short position at 3080 set up yesterday successfully reached a profit target of over 50 points. Congratulations! Currently, the price of Ethereum is running around 3040, and the strength of the short position continues. If the daily resistance at 3060 is effectively broken, it is crucial to focus on whether the intraday can break through the 3060 suppression today. Otherwise, the strength of the short position will continue to increase. Therefore, the viewpoint at the daily level is to only follow the trend and short. In the short term, the Bollinger Bands on the four-hour chart have started to narrow, so it is recommended to continue to focus on high selling in the range of 3180-2920 for the intraday. The overall price belongs to a Bollinger oscillation market. The bearish trend on the one-hour chart is very clear, with the overall price accelerating downward. In conclusion, it is recommended to focus on high selling and low buying for Ethereum in the future, and to take a stable approach to shorting on rebounds.

Pending orders:

Short at 3180-3220, with a 30-point defense and a target of over 50 points

(The strategy can only be used once, and the profit-taking should be arranged independently)

This article is exclusively written by senior analyst Qin Chuan, who has been researching the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. 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. His operating style is steady and decisive, and he is recognized by the majority of investment friends for his amiable and responsible personality and sharp and decisive operations. 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 content only represents the author's personal views and does not constitute specific operational advice. Any operation based on this is at your own risk. Investment is risky, and market entry should be cautious.

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