4.2BTC/ETH Market Outlook:



It's already Thursday, and the past three days have been all short positions, with a lot of frustration. The resistance zone has remained the same—once it hits, go short; when it drops, reduce positions and take profits. It's really not complicated! Yesterday, Wednesday, I shorted at 68,500 and 2,120; earlier on Tuesday at 67,500 and 2,080; and on Monday at 67,500 and 2,040. If you’ve been following the daily analysis, understanding and digesting it carefully, aligning with the trend and the publicly shared levels and reduction alerts, then you can definitely profit from the market—no doubt about it. No objections accepted!

The daily candle yesterday closed as a small doji with a small bearish body, ending the previous two consecutive bullish days. It looked like the bulls were gaining momentum, but in reality, it was just an opportunity for traders to look for high points. The rebound didn’t even touch the middle band resistance before a large bearish candle appeared. Currently, all three Bollinger Bands are opening downward, indicating a downtrend. The KDJ lines are converging and forming a death cross downward, RSI is turning downward, and MACD is gaining bearish momentum. The daily trend remains strongly bearish.

On the 4-hour chart, the price has been hammered down by three consecutive large bearish candles. The price is weakening after hitting the upper Bollinger Band resistance, breaking below the middle band support, and now testing the lower band support. KDJ and RSI are turning downward, and MACD bearish momentum is increasing. The 1-hour chart shows Bollinger Bands opening wide, with the price continuously pressed against the lower band, and MACD bearish volume expanding. RSI, after being oversold at low levels, is showing signs of stabilizing and slowing down. Do not be too aggressive in chasing shorts at low levels—patience and wait for a rebound.

For intraday trading, one word: short; two words: go short high; three words: wait for a rebound then short! The principle of not chasing the exhausted enemy must be understood by everyone. If you miss a short entry, patiently wait for the next opportunity. Resistance levels to watch above are 67,500, 68,500, and 70,000—consider shorting around these levels. Support levels below are 66,500, 65,500, and 64,500.

For Ethereum, resistance levels are 2,120, 2,170, and 2,220—look to short around these levels. Support levels are 2,050, 2,000, and 1,950.

In terms of trading strategy, short at high levels; the overall trend remains bearish. Is there an opportunity for short-term longs? Certainly, but I won’t go into details here. Short-term longs require small stop-losses, close monitoring, and analyzing 15-minute and 5-minute charts to find entry points. Since this analysis has some delay, I can only provide the general direction and trend! #四月行情预测 $BTC
BTC-3,61%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
Mingbaovip
· 4h ago
Just go for it 👊
View OriginalReply0
  • Pin