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

The morning market was once again hindered in its upward movement, with the trend leaning towards a decline. Mr. Coin continues to maintain a focus on short positions, providing real-time guidance for all profits. Although the market has encountered a full-scale downturn, Bitcoin has also experienced a nearly 5000-point adjustment within the day. Teacher Chen has prudently reminded friends with real positions to stay on the sidelines and wait for subsequent stable market conditions before re-entering. This wave has yielded nearly 3000 points in profit for Bitcoin and nearly 80 points for Ethereum. Although we couldn't capture more gains, the gains we did secure are substantial. Congratulations to all the friends who kept up.

Currently, the market's upward recovery is weak, and the short-term bearish pattern is quite clear. It is still recommended to primarily focus on short positions in all operations. Moreover, the market is relatively volatile; as mentioned in yesterday's article, short-term prices are fluctuating significantly. I have continually reminded everyone to control risks, maintain proper stop-loss and take-profit levels, and manage positions to operate with a lighter load as much as possible.

Bitcoin is expected to decline during the day, with prices continuously retracing and bearish sentiment gradually strengthening. The intraday trend is under pressure and continues to retrace, with the downward trend still extending. The 4-hour MACD continues to operate in the negative zone, with the fast and slow lines in a death cross state. Although there was a brief golden cross in the 1-hour MACD, it subsequently declined again, indicating insufficient rebound strength. The 4-hour RSI hovers below 50, while the 1-hour RSI fluctuates between 40-50. The 4-hour EMA7, EMA30, and EMA120 are all in a downward trend, and the price is operating below both EMA7 and EMA30. Overall, the market remains weak, with some intraday rebounds, but the strength is still limited. It is suggested to focus on short positions during rebounds.

4.11 Bitcoin Short-term Reference:

Light short position 81300-80500, defense at 83500, stop loss: 500, target below 80000,

Long position attention 75500-76500, stop loss 500, target above 77300,

4.11 Ethereum Short-term Reference:

Short position: 1540-1580, defense at 1730, stop loss: 1750, target below 15600,

Long position, 1430-1380, stop loss 30 points, target above 1500,

Note: The sending of messages may be delayed, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgment, always maintain stop-loss and take-profit levels to secure profits.