4.9 Crypto Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Bitcoin's morning rebound did not break through the resistance at 81,000, reaching around 80,800 and facing pressure. Subsequently, the price fluctuated and fell below the 80,000 mark, moving into another wave of decline. Fortunately, it did not break below the 76,000 line, and the current price is operating near 77,000. In the short term, looking at the hourly chart, the trend is starting to rebound after a pullback; however, the upward momentum is not strong, and the resistance above is still slowly moving downwards. The MACD is in the negative zone on both the 4-hour and 1-hour levels, with the fast and slow lines continuously declining. The RSI is in the 30-50 range on both the 4-hour and 1-hour levels, and EMA7 is crossing down through EMA30 and EMA120 on both the 4-hour and 1-hour levels. If it does not break through the resistance at 80,000, there is a possibility for the trend to drop again.

On the daily chart, the bearish candle is closing, and the bears are gradually becoming stronger, with the upward momentum during the day starting to weaken, maintaining an overall weak fluctuation. Currently, the market has fallen to the lower boundary area; although there has been a pullback rebound, the upward strength is not strong. If it cannot break through 80,000 and the dual resistance at 81,000 during the day, there is a further possibility for the market to decline. The trend for the day is weak, so our short-term approach is still focused on rebound short positions.

4.9 Bitcoin Short-term Reference:

Light short positions at 80,700-79,500, with a stop loss at 82,500; target below 79,000,

Long positions should pay attention to the break of 74,500; if it breaks, monitor the situation, and consider light positions near new lows.

4.9 Ethereum Short-term Reference:

Short positions: 1,600-1,650, with a stop loss at 1,830; target below 1,550,

Long positions: 1,330-1,380, with a stop loss of 30 points; target above 1,450,

Note: Strategies may be delayed; this advice is for reference only. The market changes rapidly, regardless of how accurate your market judgment may be; always set take profit and stop loss to secure your gains.