Market laws, twists and turns, cyclical changes, internal cultivation, external practice, the road is long and far. 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 lead to different results. Without great ambitions, even with the help of influential people, one will ultimately achieve little. Countless difficulties are not insurmountable challenges. The success story of an investor is actually a history of learning and growth. The journey may be arduous, but don't forget the original intention, and you will eventually succeed.

2024.4.25 BTC————————

The expected decline of Bitcoin has occurred as anticipated by Qin Chuan. Although there was a rebound trend on the daily chart, without a true breakthrough of the bull-bear trend, it cannot be truly bullish. This is why Qin Chuan has repeatedly emphasized cautious rebound and shorting. Currently, the price on the daily chart has bottomed out around 64,000 and started to oscillate and absorb funds. The high point of 65,000 on the daily chart has initially formed a turning point resistance line. Therefore, the position to lightly short and ambush on the daily chart is around 65,000, and the high shorting point is still recommended to be around 67,000.

On the four-hour chart, the price is clearly within a downtrend channel. Only when the short-term resistance at 64,800 is successfully broken can it break through the short-term 65,800 and change the trend. On the one-hour chart, the Bollinger Bands are running downward with the three lines opening up, and the rebound after the price hits bottom is not strong. The MACD indicator on the chart continues to show bearish momentum. The upper resistance is around 65,300. Overall, the subsequent trend is expected to be a oscillating upward correction. Based on the above, it is suggested to short Bitcoin in the subsequent rebound.

Pre-set orders:

Short at 65,300-65,800, with a 500-point defense and a target of 800-1500 points or more

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

2024.4.25 ETH————————

The upward momentum of Ethereum on the daily chart has not been strong. Qin Chuan maintains the previous view and firmly focuses on shorting around the 3,300 level. In the past month, Ethereum has not shown a decent independent trend on the daily chart, so shorting Ethereum on the rebound is feasible. On the four-hour chart, the price has entered a downtrend channel. The high pressure point is around the 3,200 integer mark. After testing the support level of 3,100, the price has started to rise, but Qin Chuan does not recommend chasing long positions and suggests focusing on high resistance. On the one-hour chart, 3,218 is a strong resistance level for Ethereum's upward movement. Therefore, Qin Chuan still suggests paying attention to whether Bitcoin can break through the 65,000 level, as Ethereum currently does not have its own independent trend. Based on the above, the main suggestion is to short Ethereum on the rebound within the day.

Pre-set orders:

Short at 3,218-3,244, with a 30-point defense and a target of 50-60 points or more

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

This article is exclusively written by senior analyst Qin Chuan, who has been researching the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, and stocks 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, 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 character. For more real-time investment strategies, trading techniques, operation skills, and knowledge of candlestick charts, 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. Trading based on this information is at your own risk. Investment carries risks, so please be cautious when entering the market.

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