Preface: Investment carries risks, and operations should be cautious.
Article review takes time, and there may be delays in publication. The article is for reference only, welcome to read!
Article writing time: April 16, 10:20 AM Beijing Time
Market Information
- JPMorgan Chase's CEO stated that consumer-level pressure is "very small";
- JPMorgan CEO: The process of "deleveraging" U.S. Treasury bonds may have already passed;
- The Trump administration is looking to promote Bitcoin nationwide, and Swedish lawmakers are implementing Bitcoin policies;
- Americas Cryptocurrency Ledger: Bitcoin ignores global market fluctuations, with its dominance nearing a four-year high;
- Bitwise Chief Information Officer: Bitcoin's performance is "significantly different" from previous market corrections, and if macro obstacles are removed, Bitcoin prices are expected to rise;
Market Review
Yesterday, Bitcoin's market basically fluctuated, with the highest point in the evening session reaching 86443, basically testing the 86700 resistance I mentioned earlier. It then began to decline. After we positioned for a short, the average price should be around 85500, with a profit of 1800 points from the current price. The decline will continue, and friends who entered can maintain a mobile stop-loss and continue to hold; Ethereum's highest point was 1691, followed by a decline. The short position currently has a profit of 40 points and can also continue to hold while waiting for further decline. Friends who are following should ensure protection and continue to hold the short position;
Market Analysis
Bitcoin:
From the daily chart, Bitcoin is under pressure above, with resistance from the 200-day moving average and the previous dense area of chips. After the market surged, it faced pressure and closed with a long upper shadow and a bearish candle, indicating that the market bears are strong, and the decline will continue. The average price of our previously positioned short is around 85500, currently with a profit of about 1800 points. You can reduce your position and maintain a mobile stop-loss to continue holding, targeting the 80000-77500 range. If you missed the high point around 84, you can enter on your own. For short-term trading, control risks and manage your own profits and losses;
Ethereum:
From the daily chart, Ethereum's trend has been relatively weak, with the current profit from the short position around 40 points. The rebound is basically weak, and both upward and downward movements are relatively small. In trading, you can directly benchmark against Bitcoin, and the short position can continue to be held, maintaining the target range of 1500-1400 unchanged. Those who have not entered can directly position themselves and grasp the opportunity to enter; for short-term trading, control risks and manage your own profits and losses;
In summary:
Bitcoin and Ethereum are under short-term pressure and will undergo a correction. In trading, the short position can continue to be held until the target is reached;
The article is time-sensitive, pay attention to risks, the above is only personal advice, for reference only!
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 definitely 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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