4.12 Bitcoin/Ethereum Market Analysis and Thought Reference

The highest price of Bitcoin in the daily chart is 84248, which has broken through the EMA30 trend line at 83500, indicating upward potential. However, there is still distance to the EMA60 resistance level at 86500, so long-term considerations are not yet advisable. One can normally attempt to build a position; if it drops below 83500, exit the position; if it does not drop, hold.

After stabilizing at the trend support level of 82400 on the four-hour chart, there was a significant rise. The double top pattern remains, and there is also a possibility of forming a head and shoulders pattern. After breaking through 84000, there was resistance encountered, and long positions can take profit and switch to short positions. The EMA trend line is contracting, indicating bullish momentum; MACD continues to expand, with DIF and DEA breaking through the zero axis. The upper pressure level of the Bollinger Bands is at 84900, and the market is about to become overbought, so be cautious of a sudden sell-off by the main force.

For short positions on Bitcoin, one can short around 84000 to 85000, add positions at 85800, with a stop loss of 500 points, targeting 83000 to 82500 and 81000.

For long positions, buy from 80500 to 81000, add positions at 80000, with a stop loss of 500 points, targeting 82000 to 82500 and 83000.

For Ethereum, the upper resistance level is 1640 to 1680 for short positions, adding positions at 1730, with a stop loss of 40 points, targeting 1580 to 1530 and 1500.

For long positions, buy from 1450 to 1400, add positions at 1370, with a stop loss of 40 points, targeting 1500 to 1550 and 1600.

Thank you for your trust and support! Investors must not do this: in a strong upward trend, hurriedly exiting after making a profit, or holding on stubbornly when losing money. This not only misses out on major trends but also leads to increasing losses. If you agree, give a thumbs up! #币安安全见解 $BTC