【April 20】Bitcoin / Altcoin Market Analysis and Strategy

Currently, Bitcoin is at 73,600, having just bounced slightly from a low, with the trend stabilizing. The daily chart's major bullish trend has not broken down; it’s just that the rally has lasted too long, momentum has been exhausted, and overbought conditions have been digested. These past two days are normal pullbacks and corrections. The support levels at 73,500-73,000 below still serve as the bulls’ safety net, while 76,000 above is the first resistance zone. Short-term, it’s unable to break through here, so consider re-entering short positions.

4-hour: Weakening correction, MACD shows a death cross, bears are temporarily in control, moving averages are pressing down on the price, and the pullback isn’t over yet. Don’t chase the rebound at resistance levels.

1-hour: Sideways and frustrating, bulls and bears are stalemated. Only a break above 74,800 can continue the rebound, while a drop below 73,600 will target 73,000.

In terms of operation, focus on short-term high-level shorts, wait for a pullback to support levels before considering longs, and avoid chasing rallies or panicking during dips!

April 20 Bitcoin Trading Strategy:

1. Short around 75,000, protect at 76,200, target near 73,600-73,000

2. Long around 73,400, protect at 72,200, target near 74,500-75,200

April 20 Ethereum Trading Strategy:

1. Short around 2,290, protect at 2,340, target near 2,235

2. Long around 2,225, protect at 2,180, target near 2,290