Market laws, twists and turns, reincarnation, 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. Every difficulty for an investor is actually a story of learning and growth. The journey may be tough, but don't forget the original intention, and you will eventually succeed.

2024.4.10 BTC————————

Yesterday's layout of long positions at 69500-69800 below 70,000 was successfully activated within the day, and when the price failed to break through 71000, all team members were notified to secure profits. Overall, the team's profits were above 800 points. Congratulations to those who followed the advice!

On the daily chart, Bitcoin is currently near the short-term support at 69300, and the bottom reversal support at 68500 remains effective. Therefore, the bullish trend on the daily chart is still in place, with attention to the 68500 support level. The high-level suppression on the 4-hour chart is around 70100, and it must be broken through in the next 8-12 hours; otherwise, there is a risk of a pullback to 68500, which would result in a significant downside, possibly continuing to around 66800. Therefore, the current range for operation on the 4-hour chart is too large, and it is not a good choice to grasp the position. The important signal currently given by the 4-hour chart is the high-level suppression at 70100. On the 1-hour chart, the high-level suppression is around 69800, and after the gradual contraction of the MACD volume, there is a potential for a golden cross at the bottom of the fast and slow lines. In summary, on the daily and short-term charts of Bitcoin, short positions can be taken at 69800-70100, while a stable rebound can still be considered for long positions.

Pending orders:

Short at 69800-70100, defend 200 points, target above 800 points

Long at 66800-67300, defend 200 points, target above 1000 points

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

2024.4.10 ETH————————

After the precise execution of long positions at 3580 for Ethereum yesterday, all team members were notified to secure profits at 3640 as Ethereum failed to effectively break through 3650. In addition, I advised all friends who consulted me in the evening that if the price tested the 3350 level again, it would not be a support, and I suggested paying attention to the resistance in the 3420-3450 range. Welcome to those who successfully hedged after consulting with me to give me a thumbs-up and leave a message.

On the daily chart today, it is clear that the early resistance at 3530 formed an intraday upward resistance, and the support moved up to around 3450. Although there are signs of a decline on the daily chart, the MACD indicator has undergone a conversion of bullish and bearish energy, but the bullish energy has not been released significantly. The fast and slow lines have formed a golden cross below the zero axis, and the key level to watch on the daily chart is the 3530 resistance. On the 4-hour chart, there have been 7 consecutive bearish candles, and after the rapid decline in price to the high level, the price has entered a bearish range, with the suppression at 3520 on the 4-hour chart. After the divergence of the fast and slow lines at the high level, the bullish and bearish volume has undergone a conversion, and there is currently no obvious sign of a bottom on the 4-hour chart, and a good support level cannot be found.

The good news on the 1-hour chart is that the overall price and the MACD have formed a bottom divergence pattern, so there may be an opportunity for a rebound after the price continues to decline, and there is an opportunity for short-term layout within the day. The support on the 1-hour chart is at 3430, but caution is advised for a potential bottom divergence repair at 3380. In summary, it is suggested to aggressively short Ethereum and cautiously go long.

Pending orders:

Short at 3535-3545, defend 20 points, target above 50 points

Long at 3430-3380, defend 30 points, target above 80 points

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

This article is exclusively written by senior analyst Qin Chuan, who has been studying the fields of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks 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 his operating style is steady and decisive. He is recognized by a large number of investment friends for his amiable and responsible character, as well as his decisive operations. 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. Any operation based on this is at your own risk. Investment is risky, so be cautious when entering the market.

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