I. Market Analysis
1. Bitcoin (BTC) experiences violent fluctuations.
Yesterday's intraday fluctuation range: lowest near $78,500, highest reached $83,500, with a 24-hour decline of about 6%, current price in the $80,000 range.
Key resistance/support: short-term resistance at $82,000 (daily Bollinger middle track), support at $79,500 (around the 50% position of a large bullish candle and resonance at the neckline position).
2. Ethereum (ETH) follows with a rebound.
Yesterday's fluctuation range: lowest $1,475, highest $1,670, current price around $1,540, with a 24-hour decline of about 12%.
Key intraday resistance/support: resistance at $1,600, support at $1,500.
II. Fundamentals
1. Bitcoin breaks $81,000, the cumulative short liquidation intensity on major CEXs will reach $1.184 billion.
On April 11, according to Coinglass data, if Bitcoin rises and breaks $81,000, the cumulative short liquidation intensity on major CEXs will reach $1.184 billion.
Conversely, if Bitcoin falls below $78,000, the cumulative long liquidation intensity on major CEXs will reach $1.027 billion.
2. Technical Signals
Bitcoin Perspective:
Bitcoin W double bottom pattern: The 4-hour chart shows the price forming a double bottom around $74,500; in the short term, before effectively breaking $82,000 and below $74,500, treat it as a trading range for 'sell high, buy low.' Don’t set the target too high, implement a moving stop loss!
Ethereum Perspective:
From the chart, the second downward red arrow has stronger downward momentum; the price began to rebound from the oversold area around $1,400. Next, there might be a brief pause in the $1,600-$1,400 range before continuing to create a lower low. Here, I’ll put a ‘?’ question mark! Until it breaks the $1,400 area, treat it as a trading range! 'Sell high, buy low.'
III. Suggestions
1. Bitcoin Strategy
Intraday long position: test long positions lightly in the $79,300-$79,800 range, average price around $79,500, stop loss at $79,000, target $80,800➡️$81,500, take profit in batches!
2. Ethereum Strategy
Intraday long position: build positions at $1,500-$1,520, average price around $1,510, stop loss at $1,470, target $1,570➡️$1,600, take profit in batches!
