Market laws, twists and turns, cyclical changes, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough 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; a successful investor's story is actually a history of learning and growth. The journey may be tough, but don't forget the original intention, and you will eventually succeed.

2024.4.5 BTC————————

The overall layout of Bitcoin last night was not very ideal, with a significant gap between 68200 and 69200. Although the overall price subsequently fell to around 67400, yielding some profit, it was not very ideal for Qin Chuan. Currently, Bitcoin is stabilizing and oscillating around 68500 in the early session, and if it can hold this level or continue to rise, a bullish view on the daily chart can be determined. However, it still needs time to verify, so the bullish and bearish trends on the daily chart are still unclear, at most, the bulls temporarily have some advantage.

In the short term, the price on the four-hour chart has changed, with the support moving up to around 66800, and the MACD indicator on the chart showing a shift in bullish and bearish volume, with bullish momentum starting to increase. There is a possibility of continued volume in the next four hours, but it does not mean that the price will not test the support at 66800 and then make another upward move. Currently, on the hourly chart, there are signs of a bearish divergence in the short-term price, with support continuously moving up to around 67500. If the price can rise again, then the price will inevitably rise further. If the bearish divergence pattern needs to be corrected, then the price may fall below 67500 and then seek bottom support in a needle-like manner to correct the bearish divergence pattern. Therefore, based on the above, it is suggested to cautiously buy near 66800 for Bitcoin on the same day. Aggressively, short positions can be taken around 68500, with a target of around 500 points.

Pending orders:

Long at 66500-66800, defend 500 points, target 800-1500 points

** (The strategy can only be used once, and the bagging arrangement can be made independently if there is space)**

2024.4.5 ETH————————

The layout of Ethereum yesterday accurately grasped the short position at the high of 3440, with the lowest price reaching around 3280, perfectly capturing a short space of over 150 points. On the daily chart, Ethereum prices are still dominated by bears, with the daily resistance coming to 3410 and continuing to slowly decline, indicating that there is still a considerable amount of selling pressure. Therefore, Ethereum still needs to continue to rise on the daily chart to sustain the bullish trend. Even if the price stabilizes and oscillates during the day, it still favors the bears, representing a sideways to downward trend. Currently, on the four-hour chart, the price is in a Bollinger band oscillation market, with 3480-3180 being the intraday high and low points for selling and buying.

Furthermore, the bullish volume on the four-hour chart is increasing, with the fast and slow lines forming a bottom golden cross, indicating that the overall price of the coin is still at a low level. However, Ethereum has not had its own independent trend for almost half a month, and its trend has been highly homogenized with Bitcoin. Therefore, where the price of Ethereum will go in the future completely depends on the overall strength of Bitcoin. In the short term, only if the price can break through the resistance at 3350 will it have the strength to break through the previous high of 3450 on the left. The short-term support below is around 3250-3260. Based on the above, it is suggested to focus on high selling and low repairing for Ethereum on the same day, and keep an eye on the trend of Bitcoin.

Pending orders:

Long at 3180-3220, defend near 3150, target above 3450

** (The strategy can only be used once, and the bagging arrangement can be made independently if there is space)**

This article is exclusively written by senior analyst Qin Chuan, who has been studying the investment field of Bitcoin, Ethereum, contracts, spot, gold, foreign exchange, stocks, etc. for many years. Currently, he mainly guides contract operations, with a solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, focusing on capital management and risk control, and has a steady and decisive operating style. He is recognized by the majority of investment friends for his accommodating and responsible personality and decisive operations. For more real-time investment strategies, trading techniques, operation skills, and knowledge of candlesticks, 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. Trading based on this is at your own risk. Investment is risky, so be cautious when entering the market.

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