Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road is long and far-reaching. Doubt can filter risks, but it can also miss opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life lead to different results. Without great ambitions, even with the help of influential people, it will ultimately be in vain. The challenges in the investment journey are actually a history of learning and growth. Through hardships and scenery, do not forget the original intention, and you will eventually succeed.

2024.4.13 BTC————————

Yesterday accurately predicted a short position for Bitcoin at 67900, successfully grasping the high point position. The price subsequently fell below the 60,000 mark, with an overall profit margin of over 7000 points. However, these are just boastful words, and most of the practical team members only secured their positions around the 65,000 mark.

The intraday decline of Bitcoin has not stopped, but based on the current 15-minute candlestick chart, it is evident that spot institutions are buying at low levels, causing a rapid recovery after such an oversold market. Therefore, friends trading contracts these days should observe more and trade less. The answer is definitely yes to whether a new round of rise is starting, but whether your position can be maintained before the new round of rise is unknown. Therefore, the daily chart currently does not provide much reference. The high-level suppression still exists around 67,000, and after the overall formation of an M double top suppression on the daily chart, it seems that the 60,000 level needs to be tested multiple times to absorb and accumulate before there is momentum for an upward movement. In the short term, 66200 is the resistance level for today's coin price rise, and a stable short position can focus on this level. As for Ethereum, it is not recommended to operate today. As a leader in altcoins, it is also one of the key targets for attack, so spot trading can be done cautiously, and contracts need to be handled carefully. In summary, it is suggested to short Bitcoin on the rebound.

Pending orders:

Short at 66200-65900, with a stop loss at 300, and a target of 500-800

(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. He has been researching in the investment field of Bitcoin, Ethereum, contracts, spot trading, 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. His operating style is steady and decisive, and he is recognized by many investment friends for his amiable and responsible personality and sharp and decisive operations. For more real-time investment strategies, trading techniques, operation skills, and candlestick knowledge, please 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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