4.12 Monday Afternoon Bitcoin and Ethereum Latest Ideas and Operations

Don’t always try to catch the bottom or pick the top—that’s something only the gods do. Admit that you can’t clearly see the peaks and valleys; you only need to see the path beneath your feet. The trend is your friend—follow it. Even if you move a bit slower, you’ll go farther than those who fight against the trend with stubborn hard holds. From early Monday morning to the morning, Bitcoin rebounded to 71423, then faced resistance and moved back downward, dipping as low as around 70458. Ethereum rebounded to 2217 again under pressure, falling to the lowest point around 2182. The rebound idea given last night was verified as expected; the first target was smoothly secured. For friends still holding long positions, just be patient and hold on.

Judging from the current market action, on the daily timeframe, breaking through the descending channel, making higher lows, and then stabilizing after volume shrinks are all typical bottoming signals. On the four-hour timeframe, after the MACD indicator forms a golden cross, it continues to rise; the red bars expand noticeably, and bullish momentum is currently being released. On the one-hour timeframe, the KDJ forms a golden cross at a low level, with the three lines moving upward in sync, clearly giving an oversold rebound signal. In the afternoon, Lao Ma continues to provide a low-level long (buy) idea.

Monday Afternoon Trading Ideas:
Bitcoin: Buy around 70600, target 71800
Ethereum: Buy around 2160, target 2240