• Zhou Yanling: Analysis and Strategies for Bitcoin and Ethereum Trends on the Eve of the 4.20 Halving

Yesterday was truly an exciting day, with rapid and substantial fluctuations in both directions. Looking at the Bitcoin market trend, the main rhythm is still oscillating around the hourly chart's upper and lower acceleration lines. In the early session yesterday, it dropped to near the lower acceleration line of the hourly chart and rebounded, with pressure from the upper acceleration line on the 30-minute chart. Therefore, for Saturday, if there is oscillation, the focus should be on two points. One is to pay attention to the breakthrough upwards and continue to observe the lateral pressure and the hourly chart's acceleration line near 65800, which is also the upper limit of the four-hour chart. The focus below is still on the lower limit of the four-hour chart. In the early session, pay attention to the support at 63600 near the lower limit of the hourly chart. Currently, the hourly chart is under pressure after the second peak at 65500 last night. At present, it belongs to the short position, so the short position left behind, if there is oscillation, will not break through 63600 in the early session. If it does break, it will further decline. Therefore, overall, there is no so-called long position or short position at the moment. As long as you don't chase the rise or kill the fall, both long and short positions have the opportunity to profit. However, most of the weekends will eventually form a one-sided trend in the U.S. market, so short-term oscillation will be the main trend during the day. However, one should also be cautious about the possibility of drastic fluctuations caused by the halving event during the day. Once there are at least three resonances in the four-hour and below cycles in the evening, one-sided operation can be done.

4.20 Bitcoin Operation Strategy:

1. Long at 63800-64200, stop loss at 400 points, target at 65000-65400-65800
2. Short at 65800-65400, stop loss at 400 points, target at 64200-63800-63500

4.20 Ethereum Operation Strategy:

1. Short at 3130-3100, stop loss at 30 points, target at 3060-3030-3000
2. Long at 3020-3040, stop loss at 30 points, target at 3100-3030, and look at around 3175 if broken

[The above analysis and strategies are for reference only. Please bear the risks on your own. The article's review and release may have a lag, and the strategy does not have timeliness. Please refer to Yanling's real-time strategy for specific operations.]

This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat public account: Zhou Yanling). The author has been engaged in financial market investment research for more than ten years, mainly analyzing and guiding the operation of BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other coin circle contracts/spots. With solid theoretical foundation and practical experience, the author is good at combining technical and fundamental analysis, focusing on capital management and risk control. The operating style is steady and decisive, and is recognized by a large number of investment friends for the amiable and responsible character and sharp and decisive operations. If you need to know more about real-time investment strategies, trading techniques, operational skills, and candlestick knowledge, you can follow the teacher (WeChat public account: Zhou Yanling).

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