🚨Morning BTC/ETH Market Briefing on 4/26🚨
🔶All the way, we have brought Ethereum from around 1537 to about 1724, and up to last night's 1766. I must say, Ethereum's price points have been quite accurate (results are publicly available online). Unfortunately, it hasn't performed well; being too focused on Ethereum has led to neglecting big brother Bitcoin, which has already surged to 95000. So today, let's take a look at Bitcoin.
🔶Remember the post from April 22 that pointed out Bitcoin was forming a head-and-shoulders bottom pattern? If it stabilizes above 88900, there will be a lot of upward space. According to the head-and-shoulders bottom pattern, it could potentially reach around 96000 to 97000, which seems to have been validated.
🔶From the market perspective, there is still room for upward movement, but the continuous rise does bring some fear of heights. However, we will not go against the trend to short, so today's strategy is mainly to participate with a small position.
🔶Bitcoin surged to around 95800 yesterday and started to correct. Currently, the support levels below are 94280, 93650, and 93247. These positions can be used to enter low buys with light positions, looking at 95300, 96400, and 97800, while being cautious of a significant retracement at any time, controlling positions to <2%.
🔶The long position near 1766 from yesterday is still being held, patiently waiting for a breakout above 1840 to stabilize, which is expected to lead to Ethereum starting with 19. Today, pay attention to the support around 1781 below, which is also the latest signal for the army of Er to participate in low buys, as well as around 1774 and 1745 for low buys. Look for stabilization at 1800 to 1838, and if it holds above 1840, continue to look for 1900.
⚠️The above points are conclusions drawn from market charts and technical indicators, which may change in real-time and be impacted by news. Please adjust according to your actual situation.
