【4月22】Bitcoin / Ethereum Market Analysis Strategy

Brothers, today’s early session, Bitcoin directly broke through 77,000. The bullish squeeze trend is very intense. The daily chart’s bullish channel is complete, with moving averages supporting from below, and MACD momentum is sufficient. However, RSI has entered the overbought zone, so the short-term needs to digest through consolidation. Below, 76,000 has become the key support, the ultimate line of defense is 75,000. On the upside, the pressure zone is 78,000-78,800, and it’s difficult to break through quickly in the short term.

On the 4-hour chart, it runs along the upper Bollinger Band. The bulls are strong, but momentum has weakened somewhat, so you need to be alert to consolidation at high levels. On the 1-hour chart, it’s moving sideways in a narrow range, with decreasing volume and building energy; the direction is pending. If it breaks above 77,500, it will continue pushing higher; if it falls below 76,800, it will pull back to test support.

During the day, focus mainly on going long with the trend at low prices. As long as 76,000 doesn’t break, you can go long with a light position relying on this level, targeting 77,500-78,000. If price approaches around 78,500 on the upside, consider a short position in the short term.

4.22 Bitcoin trading strategy:

1、Go long around 76,500, protect at 75,500, target around 78,000

2、Short around 78,500, protect at 79,600, target around 77,000

4.22 Ethereum trading strategy:

1、Go long around 2,330, protect at 2,290, target around 2,385

2、Short around 2,405, protect at 2,445, target around 2,345

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