Last week's review and this week's market speculation


Writing is not easy, I hope everyone leaves your lovely comments, I personally suggest if you don't like it, please refrain from criticism.
1: BTC is the barometer of the crypto market. We analyze Bitcoin broadly, reviewing last week’s April monthly candlestick that is currently increasing in volume. The daily chart repair is complete, and we have formulated a strategy of shorting at highs and supporting longs at lows, which has yielded decent overall returns. Currently, the market sees ETH hovering around 1755, forming a short-term bottom, which also marks a low point. Our long position around 1750 has been quite profitable, but it does not mean that the bottom cannot break. At this time, we need to refer to Bitcoin around 81200. So far, our strategies have been entirely correct.
This week is a fierce battle, with more uncertainties and influences from news, making operations more difficult. On April 10 at 2 PM, the Federal Reserve will announce the monetary policy for March, and at 20:30 the CPI will be released. All of these directly affect the market trend, pushing it beyond the control range of indicators.
2: This week's response plan: As the current tariff war escalates, if the US stock market continues to decline, it will inevitably drag down the cryptocurrency market. Although we are retaliating, if the US stock market crashes, with Trump's unpredictable character, if he suddenly shows goodwill, the market may rebound slightly. If the tariff war is canceled, a reversal signal may appear!! Currently, the hope seems quite small. In terms of time, the adjustment cycle of the US stock market is far from over, which means that BTC still has a high probability of breaking below 80000 and testing 76000. Therefore, we need to be prepared for repeated fluctuations next week. Currently, the pressure to sell in the 86500-88500 area is still very strong, and it's difficult to break through. The support level around 80200-81200 has been tested many times this week and is a strong support level. When we open long positions next time, we must set stop losses. The 4-hour Bollinger Bands have a very small narrowing, indicating that a direction may be established. If it breaks below here, it may continue to decline. So this week, brothers trading in this area should pay attention. However, even if the news is bearish, we should still open long positions with small stop losses to test in the 80000-81200 range to avoid missing the reversal. Currently, the concentration of chips makes it not so easy to break down. This means that risk control comes first! #关税政策后市场分析 #荣誉积分抽奖,赢MacBook Air和精美周边 #近期抄底币种推荐
BTC0.47%
ETH0.29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin