Coin Wave Riding: 4.17 Bitcoin (BTC) Market Analysis Reference:

The recent market for Bitcoin continues to oscillate within a range. Observing the daily candlestick chart, BTC is currently in a clear bullish trend at the daily level, with prices running along the upper Bollinger Band and consistently staying above all EMA moving averages. The moving average bullish arrangement is complete, and the support strength continues to strengthen. Although the MACD histogram has slightly narrowed, the DIF line is still above the DEA line, indicating that bullish momentum has not shown significant decay. However, the RSI and KDJ indicators have entered the overbought zone, showing that short-term bullish sentiment is overheated, indicating a demand for a technical pullback or sideways consolidation. The key support is located at the EMA15 moving average; as long as it does not fall below this range, the upward trend will continue.

The price at the 4-hour level is also in an upward channel, but there are clear signals of weakened momentum: the MACD histogram fluctuates repeatedly, and the DIF line is nearly parallel to the DEA line. At the same time, RSI and KDJ indicators have conjoined and are moving out of the neutral range. Currently, the price is still being pressed by the upper Bollinger Band, with support concentrated on the mid-Bollinger Band and EMA7 moving average. In the short term, it is likely to continue oscillating with a slight pullback. If the support level holds effectively, there is still potential for further highs. The overall rhythm should be viewed as oscillating consolidation, and it is recommended to focus on range-based strategies, going long at lows and short at highs.

Coin Wave Riding: 4.17 Bitcoin Short-Term Reference:

Long Position: Go long in the range of 73500-74000, with a stop loss of 500 points and a target of 74500-76000,

Short Position: Go short in the range of 77000-76000, with a stop loss of 500 points and a target of 75000-74000,

Coin Wave Riding: 4.17 Ethereum Short-Term Reference:

Short Position: Go short in the range of 2430-2380, with a stop loss of 30 points and a target of 2360-2320,

Long Position: Go long in the range of 2280-2200, with a stop loss of 30 points, target at 2350-2400,

[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and release may have delays, and strategies do not possess timeliness. Do not operate blindly.]

This article's content is originally shared by [Coin Wave Riding] and represents personal opinions only. The article is sent with delays and is for reference only; do not operate blindly! Do you want to get more daily real-time trades? Then follow my public account! Here, you can learn online technical analysis, as well as understand knowledge related to liquidation. I have several years of research experience in the market, focusing on the major trends in the crypto circle. I am mainly responsible for analyzing and guiding investment operations for BTC, ETH, SOL, BCH, and other coins. Welcome to study and research together.

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