April 21st Bitcoin and Ethereum Daytime Analysis

A new week has begun, and the Bitcoin market shows a fresh outlook. During the morning trading session, Bitcoin broke through the two previously long-standing resistance levels of 855 and 861, demonstrating strong upward momentum. The Bitcoin long positions we set up earlier entered decisively at yesterday's low, and so far, the gains are quite considerable. Interested friends can check the relevant trading records themselves.

From the four-hour chart analysis, Bitcoin's upward trend is very strong, successfully breaking through the previous range structure. However, there are currently no bearish candles in the short-term K-line chart that could digest the upward momentum (the term "Kongtou K-line" may be incorrectly expressed, presumed to be bearish candles), but this does not mean that this is the right time to short. The upper pressure range is at 87700 - 88500; if a resistance pattern appears in this area, consider taking short opportunities. Currently, if bulls continue to chase the rise, the upward space is relatively limited. It is recommended to wait for the price to pull back to the 855 - 861 area before starting to set up long positions.

Ethereum's performance remains active, starting to pull back after breaking the first resistance level. For bulls, opportunities can be found around 1600 - 1572; if considering a short, entry can be made in the 1650 - 1670 range, with a stop loss set at 25 points and a take profit range set at 45 - 60 points. However, market conditions are unpredictable, and strict adherence to trading discipline is required, adjusting strategies flexibly according to real-time market conditions.