Bitcoin and Ethereum Market Outlook and Trading Suggestions

Recently, the price has shown a significant upward trend, especially the candlestick at 20:00 on April 21 shows a strong surge, forming a long bullish candlestick.

On the daily chart, several consecutive days of bullish closes indicate that market sentiment is leaning towards optimism.

The MACD is in a bullish state in the 4-hour timeframe, with both the DIF and DEA averages continuously rising, and the MACD histogram expanding, showing strong upward momentum.

The RSI in the 4-hour timeframe is approaching the overbought area but has not yet entered the extreme overbought zone, suggesting that there may be a short-term need for a pullback, but the overall trend remains upward.

EMA7, EMA30, and EMA120 are arranged in a bullish sequence in the 4-hour timeframe, and the price is well above the EMA 7, indicating a strong upward trend. Waiting for a bottom to lay out high position strategies is the main focus. Bitcoin is watching the key resistance level of 90,000, and Ethereum is focusing on the 1680 level. For market inquiries, contact btc0297.

Bitcoin Trading Suggestions: Enter short positions in the range of 88,800-89,500. Target: 86,000-85,000. Risk Control: 90,200.

Ethereum Trading Suggestions: Enter short positions in the range of 1,650-1,700. Target: 1,550-1,500. Risk Control: 1,730.