Yue Ying: Bitcoin and Ethereum Market Analysis for April 7th - Short-term Still in Range, Latest Trend Suggestions

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin's previous candle closed with a pin, pulling back to find support at the 60-day moving average and the midline. The Bollinger Bands are narrowing, and the short-term moving averages are parallel. The MACD fast and slow lines are moving upward with increasing volume bars. The KDJ is turning downward, pay attention to the support near the 50 level. The VR indicator is consolidating around 110. On the 4-hour chart, the price faced resistance near the upper band and then declined with consecutive bearish candles. Bullish momentum is weakening. The Bollinger Bands are narrowing, and the short-term moving averages are turning downward. The MACD fast and slow lines are turning down with decreasing volume. The KDJ is crossing downward, pay attention to support near the 30 level. The VR indicator is consolidating around 150. Overall, the market rebounded but faced resistance around 70,000 and then retreated, continuing in a oscillating structure. The short-term outlook remains unchanged; there’s not much new to say. Treat it as a range-bound market, patiently waiting for a breakout to form a new structure. Short-term resistance is around 70,500, and support is near the range center at 66,000. Trade within the range. Short-term trading suggestions.

Bitcoin Short-term Trading Advice: Short at 69,500, Long at 67,000 (Activate strategy if profitable, trade at your own risk)

Yitai Technical Analysis ————

Yitai previously shorted at 2180, and the market retraced to 2715, with accurate thinking but a few pips off the target. The daily and 4-hour technicals are aligned with Bitcoin’s reference, and the overall structure remains stable. Refer to the range-bound zone, wait for a breakout. Resistance at previous highs, support around 2000. Short-term trading suggestions.

Yitai Short-term Trading Advice: Short at 2155, Long at 2040 (Activate strategy if profitable, trade at your own risk)

— I am Zhou Yue Ying, a teacher focused on technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let’s share insights and profit together! #Strategy再增持4871枚BTC #Gate广场四月发帖挑战