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April 27 Market Analysis:
Last week, it basically moved sideways for a week, and I’ve been holding my short position for 6 days. The small traders who traded wave swings have at least caught three to four waves. Still the same, my personal view is still bearish, just doing short positions in batches.
BTC:
Today, pay attention to the 78,330 level. As long as the price retraces but does not break this level, the bullish trend remains. Continue to watch the previous high of 79,450 as resistance above, if it cannot break through, it will still retrace on a smaller scale; if it breaks through, it will go higher.
Resistance levels: 81,500 - 83,000 - 84,700 (there is a gap around 80,000, which is a must short area)
If today’s retracement breaks below 78,330, then a 1-2 hour correction begins, heading downward.
Support levels: 77,350 - 76,200 - 74,900
ETH:
Today, pay attention to the 2,355 level. As long as the price retraces but does not break this level, the bullish trend remains. Continue to watch the previous high of 2,400 as resistance above; if it cannot break through, it will still retrace on a smaller scale; if it breaks through, it will go higher.
Resistance levels: 2,460 - 2,510 - 2,560
If today’s retracement breaks below 2,355, then a 1-2 hour correction begins, heading downward.
Support levels: 2,305 - 2,260 - 2,220
SOL:
Today, pay attention to the 86.8 level. As long as the price retraces but does not break this level, the bullish trend remains. Continue upward.
Resistance levels: 88.5 - 90 - 93
If today’s retracement breaks below 85, then a 4-hour correction begins, heading downward.
Support levels: 85 - 83 - 81
In summary, control the position size of each order well. Mainstream normal position: 5%, 50x leverage.
Always set a stop loss for any trade. For key level trades, the stop loss space is about 1%-1.5%.