4.17 Strategy Analysis (Personal Advice, for Reference Only, Profit and Loss at Your Own Risk)

Yesterday's market for Ethereum broke below the important support level of 1530, then near 1530 it halted its decline and started to rebound, but the main force supporting the market was not very obvious. This morning it took a retracement route and reached around 1600.

The one-hour Bollinger Bands have been consistently moving along the middle to lower bands, and in the short term, the focus is still on high positions, with the bottom volume not yet increasing.

The 4-hour K-line pattern has broken below an important support level, forming a continuation pattern in the upward process—rectangular oscillation, high short and low long, with about three times profit available for taking profits and exiting.

The RSI for both one hour and four hour is below 50, and the bearish force remains strong.

Next, pay attention to the following key support levels (support for long positions, resistance for short positions):

Ethereum Support 1538, 1471

Resistance 1630, 1690

Bitcoin: Support 83000, 82000

Resistance 86500, 85500

Position control at 5%, today is Thursday, with not much fluctuation during the day.