Crypto News
April 19th Hot Topics:
1. A total of $116 million was liquidated across the entire network in the past 4 hours, with long positions accounting for $94.926 million of the liquidations.
2. A certain whale bought 41,338 ETH through Binance and Uniswap in the past 5 days.
3. Insider: CZ giving up the voting control of Binance FZE is the final step to obtain the VASP license in Dubai.
4. Only 1 day left until the Bitcoin block reward halving.
5. Fed's Kashkari: It may be until 2025 before a rate cut.
Trading Insights
Choose a technical analysis and trading market that you like and suits you, and focus on mastering this technique and market in your trading. No matter what challenges you encounter in trading, do not give up. Only in this way can you have the opportunity to trade to your satisfaction.
To trade well, one must focus on trading. Therefore, for traders, the first thing to do is to choose an analysis technique, and once chosen, consider how to master this technique. Then choose a trading market and consider how to use it well in this market. Finally, make these the direction of your efforts in trading.
In actual trading, we always hear various voices from within and from the outside, and there may even be many voices that shake our confidence. The more important it is to stay firm at this time, because once you give up, all the efforts and sacrifices made before will become meaningless.
If you are still in a very confused stage in trading and don't know what to do, first calm down. Don't be in a hurry to make money. Understand that sharpening the axe does not delay the cutting of wood. Find a direction that suits you and can be achieved, and then step by step, you will gradually understand the direction. It's like being in the dark and not being able to see the road ahead. Only by following a little light and groping forward bit by bit, will you have the chance to emerge from the darkness.
Search for the public account: "Big White Coin Forum"
BTC
Analysis
Bitcoin rebounded to above 64,000 yesterday but failed to hold steady, leading to a period of volatility. The morning session opened with a rapid decline in short positions to a low of around 59,620, followed by a quick rebound. Congratulations to friends who followed the long position strategy and gained a profit of 2,000 points. Currently, the price is running near 61,680. The four-hour level was affected by the news, causing a significant drop in the market, but it quickly rebounded back above 60,000. It is expected that the closing line will form a lower shadow, and the continuation is unlikely. In the short term, it is in a bottom oscillation, contending for the 60,000 level. The strategy remains the same as yesterday. Currently, with less than 24 hours until the halving, my personal prediction is that the low point has been reached, and there is a high probability of a direct surge. If it holds steady above 64,000, this wave will stabilize. Hold on to the low position chips. If there is a rapid decline, remember to add to the position. For those without chips, buy in batches. Resistance above is at 64,000-65,000, and support below is at 60,000-59,000.
ETH
Analysis
Ethereum rose steadily to the 3,093 level in the afternoon yesterday but was resisted. Congratulations to friends who followed the long position strategy and gained over 100 points. The market then oscillated and accelerated the decline to near the previous low in the morning, followed by a quick rebound. Currently, the price is running near 3,000. The four-hour level shows a gradual decrease in long positions, with the two lines sticking together and a large shadow falling back, but the rebound is not strong enough. It is suppressed by the MA7 and 14-day moving averages on the upside. In the short term, there is a demand for a pullback. Looking at the daily chart, the market is in a range oscillation, with fluctuations of less than 200 points. The trend still leans towards the short side. If it can hold the MA120, it will continue to oscillate; otherwise, it will decline again. If it breaks the previous low, focus on the support near 2,650. The strategy remains the same: buy in batches and hold coins, waiting. Resistance above is at 3,100-3,200, and support below is at 2,950-2,850.
Disclaimer: The above content is my personal opinion and is for reference only. It does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to consult.
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