4.19 Cryptocurrency Market Intraday Analysis | BTCETH Fluctuation and Recovery, Pullbacks Are Opportunities for Low Entry

Today’s market overall entered a phased fluctuation and recovery trend, with panic sentiment gradually being digested, and the market slowly warming up from an extremely sluggish state.

From the on-chain fund perspective, recent chip turnover has been orderly, with major funds steadily accumulating at low levels. The overall bullish trend structure has not been broken, and the large-scale market trend remains stable.

After a short-term rebound, the market shows a slight overbought correction need on the technical side, and the price may fluctuate back and forth with some pullbacks. However, this is a healthy correction during an upward trend. For those positioning, every dip that stabilizes is a high-quality opportunity to buy in at low levels. There’s no need to panic excessively about price fluctuations.

BTC Market Analysis

Currently around 75,580, the short-term trend is consolidating with fluctuations, with a key support level at the 71,700 moving average, which is also the lifeline for the current bullish defense.

As long as this level holds and is not broken, there is ample room for further upward movement, with the first resistance at 78,000 and the second target at 80,000.

The trading strategy is to wait for the price to dip and stabilize before entering, avoiding chasing high positions. Rely on support levels to buy in batches for short-term longs, and manage positions prudently.

ETH Linkage Market

Currently around 2,345, it generally follows Bitcoin’s movement, with plenty of potential for a rebound in the future.

Strong support is at around 2,225. As long as this support holds, the bullish pattern remains intact. The upward resistance targets are in the 2,450-2,550 range.

Ethereum’s overall volatility is more moderate, suitable for retail investors to deploy small positions in batches, waiting for the linkage rally and rebound.

Intraday Core Strategy

All moving averages and indicators are in a gentle recovery phase, gathering strength. As long as Bitcoin holds the key moving average support, the medium-term upward momentum remains sufficient.

In the short term, avoid chasing highs or selling lows. Keep risk controls tight, wait for dips to re-enter in batches, and follow the trend for swing trading. Steady profit from the market.