Market laws, twists and turns, cyclical changes, internal cultivation, external practice, the road ahead is long and arduous. 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 lofty ambitions, even with the help of influential figures, one will ultimately achieve little. Countless difficulties are not insurmountable; a successful investor's story is essentially a history of learning and growth. The journey may be tough, but don't forget the original intention, and you will eventually succeed.

2024.4.9 BTC————————

After Bitcoin's weekly surge, it regained lost ground in early trading on Monday, with the current price stabilizing above 71,000. The overall market shows clear signs of warming up. The W-shaped double bottom pattern has formed on the daily chart. The 71,200 level on the daily chart will experience some support and resistance interchange. Additionally, the MACD bearish volume is about to complete a second round of volume conversion. The fast and slow lines, after a prolonged decline, are showing signs of a turning point, forming a golden cross. The key focus for today on the daily chart is whether the 71,500 level can hold and gather support, which will determine the importance of the subsequent market rally. The daily support is at the 68,500 level and has not moved above the 70,000 integer mark, so even a downward movement is quite normal and should not be alarming. The short-term four-hour bullish volume has surged three times, indicating strong support. The subsequent support is suggested to be around the 69,600 level in the upward channel. After the Bollinger Bands on the hourly chart began to contract, the price steadily declined. The indicators on the chart show a clear change in the bullish and bearish trends. Currently, in the early trading on the hourly chart, there is definitely a force looking for support and then continuing to rise. In summary, for the subsequent Bitcoin, it is advisable to maintain a long position during the pullback.

Pending Order:

Long at 69,500-69,800, with a 500-point defense, target above 800 points

(The strategy can only be used once, and the bagging arrangement can be made independently)

2024.4.9 ETH————————

After Ethereum's strong rebound yesterday, I have informed all the practical team members to cancel the short position at the high of 3,580. Even if executed, it would be a small profit exit. In the face of a strong rebound, there is simply no need to take unnecessary risks. Today, Ethereum has for the first time occupied the bullish trend above the daily chart. It is necessary to consolidate this upward momentum today. The bullish support on the daily chart is currently focused on the 3,550-3,580 range, which is the previous high resistance position forming a support and resistance interchange on the daily chart level. Additionally, the strong support below at the 3,450 level should not be ignored. The short-term four-hour Bollinger Bands are clearly opening upwards, and a support gap space has formed between 3,450 and 3,550. Whether the price will fill the gap in the future is unknown. Currently, the overall candlestick on the hourly chart shows a significant divergence, and the subsequent price will definitely need to repair the pattern and show a certain downward space. Aggressive traders can short at the current price of 3,710, targeting a support position of 3,650-3,630. For conservative traders, it is advisable to wait for a retracement and then enter a long position.

Pending Order:

Long at 3,550-3,580, with a 30-point defense, target above 80 points

(The strategy can only be used once, and the bagging arrangement can be made independently)

This article is exclusively written by senior analyst Qin Chuan, who has been studying the investment fields of Bitcoin, Ethereum, contracts, spot, gold, foreign exchange, stocks, etc. for many years. Currently, he mainly guides contract operations, with solid theoretical foundation and practical experience. He is good at combining technical and fundamental analysis, emphasizing capital management and risk control. His operating style is steady and decisive, and he is recognized by the majority of investment friends for his amiable and responsible character. For more real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, 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 information is at your own risk. Investment carries risks, so be cautious when entering the market.

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