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😵💫Market outlook for midday on April 4th. 😵💫
$BTC Opinion:
Bitcoin has really been oscillating all day and night without forming a clear direction, so I can only say that a big move is coming—get ready! Looking at the chart, the yellow line segment indicated by the red arrow at the bottom suggests a rise of about 1:1. This wave of upward movement should reach 68,111, but Bitcoin didn't rebound that high and instead pulled back. Then, looking at the second upward wave indicated by the yellow arrow pointing to the white line segment below, this move should reach 67,385 to hit the 1:1 target for the second wave, but it hasn't reached that level either. If neither of these two waves has hit their 1:1 target, can we consider the consolidation zone circled in the red box to be at its final stage? That’s a reasonable judgment. Since this consolidation zone is at its end, what’s next? A pullback, of course. How else could it go? But the pullback must break the flag pattern to test the support at 65,665. If the support at 65,665 cannot hold, the decline could expand, with the previous low at 64,930 and the new low at 63,832 in sight. If it doesn’t break the flag pattern and 65,665, it won’t go lower and will continue to oscillate within the flag pattern until it exhausts both of us with a shakeout🤮 before a clear direction emerges. To go higher, it must break through 67,319 to form a new high and then rebound. These levels have been discussed repeatedly. Bitcoin hasn't moved beyond this range either. Be patient! It won’t stay sideways forever.
Bitcoin with volume breaking above 67,020 should be chased on the long side for a rebound. If it drops below 66,662 with volume and then recovers, avoid chasing the short side; set good stop-losses.
On the hourly chart, a break and hold above 67,020 suggests aiming for 67,915-68,623. If it cannot hold above 67,020, it’s useless.
On the 4-hour chart, a break below 66,471 suggests looking down to 65,603-64,983.
Resistance levels above: 67,020-67,915-68,623
Support levels below: 66,498-65,661-64,930
$ETH Thoughts:
Second Bitcoin with volume breaking above 20,59, chase longs on the right side, and cut losses if it recovers.
If it drops below 20,42 with volume, chase shorts on the right side, and set good stop-losses.
A retest of 20,16 confirms support—add one more position.
If it breaks below 19,81, stop-loss.
On the hourly chart, if Bitcoin stabilizes above 20,59, look up to 20,83-21,24.
Watch for a short opportunity if it reaches 21,24 above,
and stop-loss at 21,60 if broken.
Left-side order: buy at 19,62, stop-loss below 19,36.
Resistance levels above: 20,59-20,83-21,24
Support levels below: 20,40-20,16-19,62
On the 4-hour chart, if it breaks below 20,38, look down to 20,08-19,63. Check the comment section. $BTC #Gate广场四月发帖挑战 #三月非农数据来袭