A Wang An'an 2026.4.17 Morning Market Analysis:



Looking at the daily chart of Bitcoin, there is a long upper shadow plus a pullback with decreasing volume, the 4-hour Bollinger Bands are narrowing, and bulls and bears are in a tug-of-war; MACD red bars are shrinking, RSI at 55 is neutral leaning strong, not overbought but momentum is waning; the MA50/EMA50 are forming a golden cross but are unstable, and the stochastic indicator is neutral and oscillating.

Currently, in the morning market, the opening volatility is relatively small, multiple attempts near the 752 level to break higher have failed, indicating short-term pullback pressure from buyers. For short-term trading today, An'an suggests that around 750 can be lightly long, targeting 743-730, with proper stop-loss! If it breaks above yesterday’s high of 755, exit and observe first! Support below near 725-720 should be considered for a long position to see if a rebound can reach 740-747!

Regarding Ethereum, as Bitcoin shows volatility, it also has a short-term downward trend, with the market entering a short-term oscillation. An'an recommends mainly short positions on ETH. Watch the support at the low of 2270 below, and the resistance at the 2380 level above. An'an suggests: within the day, lightly position around 2365-2355, targeting 2330-2320! Be prepared for take-profit and stop-loss!

The above is An'an’s view on today’s morning market, hoping to help everyone. Wishing everyone a day full of gains! $BTC $ETH
BTC1.92%
ETH1.28%
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