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It has directly broken through 78,000, and it looks like it's heading towards the 80k threshold. I am still holding a short position, planning to add more around 80k to average down. In this kind of explosive rally, once it drops back, it will be a waterfall-like plunge with sharp dips. Since I’ve already reached this point, I will definitely wait for that wave to come down to cut my losses. Currently, the daily chart has broken through the previous high resistance zone, with the moving averages in a bullish alignment supporting the bottom, and the MACD red bars expanding rapidly. However, the RSI has entered the overbought zone, indicating the short-term rally is a bit too strong. The support at 76,000 has become a strong short-term bullish support, and the resistance is at the 80,000 mark. The 4-hour chart shows a rally followed by slight consolidation, with bullish momentum slightly weakening, gradually pulling back from the overbought zone, with the price running along the upper Bollinger Band, indicating a pullback is needed. The 1-hour chart is in a narrow sideways range, with bulls and bears in stalemate, waiting for a direction to be chosen with decreasing volume. Summary: The overall bullish trend is strong, but approaching the 80,000 resistance level, don’t get overly confident and get caught in a trap. A pullback to support levels is safer for going long. Key support below is at 76,000. As long as it remains above this, the trend remains bullish and strong.
**April 18 Bitcoin Trading Strategy:**
1. Buy at 76,000-76,800, stop loss below 75,200, target 79,000-79,800
2. Short at 80,000-79,200, stop loss above 80,800, target 77,000-76,200
**April 18 Ethereum Trading Strategy:**
1. Buy at 2,370-2,400, stop loss below 2,340, target 2,600-2,630
2. Short at 2,650-2,620, stop loss above 2,690, target 2,400-2,370