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April 19 Cryptocurrency Market Analysis
【Daily chart bullish arrangement continues to surge higher】
Strategy: ✅ Short-term short, long-term long, keep the main position bottom holdings ✅
1️⃣ Major Market 【BTC ETH】 Current key support levels:
【BTC】Long position
Open: Watch for a breakout of the 1-hour downtrend line to open a position
Stop loss: 74,527, close all bottom holdings
Take profit: 77,500
【ETH】Long position
Open: Watch for a breakout of the 1-hour downtrend line to open a position
Stop loss: 2,300, close all bottom holdings
Take profit: 2,420
2️⃣ 【ETH & BTC】 Prepare defensive positions and entry points for long positions. Today, focus on breaking through the 1-hour resistance level. After the breakout, look for a move near the previous high. If there is no breakout, observe the market; for short positions, small holdings can be maintained, and if a reversal occurs, close to take profit.
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All opinions are personal views only
Not investment advice, DYOR