Market laws, twists and turns, cyclical changes, internal cultivation, external practice, the road is long and far. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave 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. The success story of an investor is actually a history of learning and growth. The journey may be arduous, but don't forget the original intention to achieve the ultimate goal.

2024.4.22 BTC————————

After the weekly double bottom exploration, it's hard to say whether the price will rebound, but currently, there are signs of stabilization at a high level. The overall weekly trend should still test the support level around 63500. On the daily chart, the support has moved up to around 63700, which is a position for aggressive attempts at long positions within the day. If a reversal occurs after three consecutive decreases in bearish volume on the MACD, then the subsequent bullish momentum will continue for a very long time. On the short-term four-hour chart, there are signs of divergence at the high level. After the four-hour chart, look for a pullback to support and repair the divergence. Therefore, it is recommended to pay attention to whether the support level of 64300 is maintained on the four-hour chart. On the hourly chart, the overall price remains in a range between 64300-65300, with slight fluctuations. Over the past 24 hours, there has been a strong wait-and-see atmosphere in the market, so entering the market at this time is a high-risk decision. In summary, it is suggested to aggressively focus on the daily support of 63700 for long positions, and cautiously wait for short positions at the high level of 67300.

Pending orders:

Long at 63700-63300, defend at 500, target above 500-800 points

Short at 66900-67500, defend at 500, target above 1000 points

(The strategy can only be used once, arrange the take-profit on your own)

2024.4.22 ETH————————

Ethereum's weekly chart also shows a double bottom, but there is no obvious support below to refer to. On the daily chart, the overall candlestick is at the bottom and wants to make a strong upward move. The bottom support is suggested to focus on the 3090-3110 level, and the MACD indicator shows a bottoming golden cross. In the short term, if the overall four-hour chart can break through the previous high around 3250, then the bullish momentum can be confirmed. The four-hour bullish support focuses on the 3105 level, and on the hourly chart, after the Bollinger Bands start to narrow, a strong pressure is formed around 3160. Even if it breaks through, it will be maintained in a range-bound market. Therefore, there is no good short-term entry suggestion for Ethereum at the moment. In summary, it is suggested to aggressively go long on the pullback for Ethereum, and cautiously continue to short on the rebound.

Pending orders:

Short at 3350-3380, defend at 50 points, target above 80-120 points

Long at 3080-3050, defend at 30 points, target above 100 points

(The strategy can only be used once, arrange the take-profit on your own)

This article is exclusively written by senior analyst Qin Chuan. He has researched the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks, etc. for many years, and currently mainly guides contract operations. He has solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes on capital management and risk control, and has a steady and decisive operating style. He is recognized by many investment friends for his amiable and responsible personality and sharp and decisive operations. For more real-time investment strategies, trading techniques, operation skills, and knowledge of candlesticks, 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 carries its own risks, and market entry should be cautious.

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