April 19th weekend cryptocurrency market trading volume is low; beware of linked negative news from crude oil, spot gold, US stocks, and other markets on Monday.

On Friday, bullish signals from the yellow-haired trader, mainstream cryptocurrencies like Bitcoin and Ethereum surged to 78,300 and 2,436 respectively; crude oil plummeted, and the precious metals market was boosted.

Yesterday, technical indicators showed downward pressure, coupled with negative responses from Iran; at midnight, BTC and ETH rebounded to 76,340 and 2,374 but remained stagnant, currently oscillating at low levels.

On a smaller timeframe, after this round of strong rally followed by a sharp decline nearly to the bottom, short-term buying appeared after midnight lows; during the daytime, deep declines are not expected.

Currently, the hourly MA30 is at 76,500 resistance, Bollinger Bands are trending downward, and the upper resistance level has shifted down to the 77,000 mark.

Support levels on the 2-hour and 4-hour charts are at 75,000–74,000; the daily upward channel has not been broken yet. If crude oil and gold markets open with negative sentiment on Monday, the crypto market may struggle to rise again. Therefore, yesterday’s short-term longs exited with small profits; at midnight, traders are advised to short at 76,500 and 2,380, then reverse to long positions.

Jingwen repeatedly reminds: Currently and in the long term, the main driver is geopolitical factors; set proper risk controls and targets when opening positions.

BTC suggestion: Short around 76,000, add to short at 76,500, target 75,000–74,000.

ETH suggestion: Short around 2,360, add to short at 2,390, target 2,320–2,300.