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Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!
This article was written on: April 11, 11:17 AM Beijing Time
Market Information
- The latest statement from the U.S. Securities and Exchange Commission staff urges detailed disclosure of cryptocurrency token information;
- The European Union seeks to reach a "fully balanced" trade agreement with the United States;
- The New Hampshire House of Representatives passes a Bitcoin reserve bill;
- Silk Road founder Ross Ulbricht will make his first public appearance at a Bitcoin conference;
- As the tariff dispute with China escalates, Bitcoin falls below $80,000, and the Nasdaq index plummets by 5%;
- Federal Reserve's Logan: The Federal Reserve must ensure that tariffs do not trigger sustained inflation;
Market Review
Yesterday, Bitcoin stabilized at 79,500 but did not continue to rebound. Our recommended entry point yesterday was around 79,500, and the market fell as expected, providing an opportunity to enter long positions. The lowest point for Bitcoin was at 78,400. After entering long positions, there was an opportunity to add to positions, with the current average price around 79,000, yielding a profit of about 1,500 points. Bitcoin can be held with a stop-loss to protect capital. Ethereum's lowest point was at 1,471, just one point away from the stop-loss level. Ethereum has not added to positions, and the long position at 1,570 is currently at a small loss. Just manage the stop-loss and continue to hold;
Market Analysis
BTC:
From the daily chart, Bitcoin tested the 79,500 area yesterday and closed without effectively breaking down. It showed a slight rebound during the day, with support holding. The rebound is expected to continue, and the impact of the tariff war on the market is gradually diminishing, leading to a potential market rebound. After adding to long positions yesterday, the average price is around 79, with a current profit of 1,500 points. Use a stop-loss to protect capital or move the stop-loss to continue holding until the target range of 83,000-85,000. Manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;
ETH:
From the daily chart, Ethereum is currently operating in a densely supported area during its decline, with support not being continuously broken. The market is expected to welcome a rebound opportunity. Bitcoin has also reached support. Although Ethereum's performance is weak, a rebound is still anticipated, albeit with a smaller profit range. The long position near 1,570 did not hit the stop-loss and can continue to be held. Those who have not entered can do so at the current price, with a stop-loss of 100 points, and the target remains unchanged at the 1,830-1,950 range. Manage your entry opportunities; for short-term trading, control risks and manage your own profits and losses;
In summary:
Both Bitcoin and Ethereum have reached near support levels, and a short-term rebound is expected;
The article is time-sensitive, be aware of risks, and the above is only personal advice for reference!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
If you don't like it, you must have your own standards for what you like. All negativity is the opposite of positive perception. The matter itself is not important; what matters is what changes you can achieve through it and what impact it can have! Some people prefer one-sided trends, some like fluctuations, some excel in upward movements, while others are obsessed with declines. No one is absolutely right, and no one is absolutely wrong. If you don't like it, it doesn't meet your standards; what you can't do may be what others excel at.
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