1. Today’s (April 20) Market Brief

(As of April 20 Morning)
Bitcoin (BTC) Price Analysis
📉 Technical Perspective
• Daily chart: Receding from highs, still within the medium-term upward channel
• 4-hour chart: Fell below short-term moving averages, MACD death cross
• Support levels: $73,000 ~ $73,500 (key)
🌍 Fundamental Perspective
• Affected by Middle East tensions and soaring oil prices, global risk assets decline across the board
• Market worries about rising inflation, Fed rate cut expectations delayed
• Institutional ETFs continue to see net inflows, long-term capital support remains
• 4-hour chart: Clear correction, support below at $2,280–$2,260
• Support levels: $2,220–$2,230 (watershed)
• Resistance levels: $2,380 ~ $2,400
Today’s (April 20) Trading Tips (Technical Perspective Only)
◦ Bullish: Stabilization around $73,500 can try small long positions, stop loss at $72,800, target $76,000
◦ Bearish: Break below $73,000, bearish outlook, target $71,000 ~ $72,000
• ETH
◦ Bullish: Stabilize around $2,250–$2,230, try small long positions, stop loss at $2,200, target $2,350–$2,400
◦ Bearish: Break below $2,250, bearish outlook, target near $2,200
Core Reminders
1. High volatility + high leverage: Today’s 24-hour global liquidation of $317 million, 160k people
2. News-sensitive: Middle East tensions, Fed speeches can trigger sharp crashes or rebounds
3. Position control: Short-term light positions, strict stop-loss, avoid chasing rallies or panic selling