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April 20 Market Analysis:
BTC:
Today, watch the previous low at 73660. As long as this level is not broken, the daily level remains bullish. For the smaller timeframe rebound, watch the white line at 75200. If it cannot break above this level, it will still come down. Only when price holds steady above 75200 will this pullback be considered over.
Resistance 76350-78000-79300
If today price breaks below 73660 and tomorrow morning the daily candle cannot close back above it, then the daily level will start correcting.
Support 72280-70600-69130
ETH:
Today, watch the 2315 level. Only when price holds steady above this level will this pullback be considered over.
Resistance 2365-2416-2463
If today the 4-hour level cannot move above 2315, it means the smaller timeframe lacks momentum. The 4-hour level will continue to trend lower in a correction. For the downside, first look at the morning’s previous low at 2251. If it doesn’t break, the smaller timeframe can still rebound; if it breaks, then it will go lower next.
Support 2175-2115-2060
SOL:
Today, watch the 85 level. Only when price holds steady above this level will this pullback be considered over.
Resistance 88-91-93
If today the 4-hour level cannot move above 85, it means the smaller timeframe lacks momentum. The 4-hour level will continue to trend lower in a correction. For the downside, first look at the morning’s previous low at 83. If it doesn’t break, the smaller timeframe can still rebound; if it breaks, then it will go lower next.
Support 81-79-76
In short, control the position size for every trade. Mainstream normal position size: 5% 50x
For any trade, set a stop-loss. For trades made based on key levels, the stop-loss buffer is about 1%-1.5%.