4.14 Today's strategy analysis
Bitcoin has recently experienced continuous rises, showing an upward trend. This is a performance of a weak to strong rebound level expansion. In the short term, pay attention to the trend line situation below; as long as it does not break the trend line, the upward trend continues. Today's expectation is to continue to hit new highs and create new highs. After creating new highs, observe the strength of the adjustment, whether it is a horizontal fluctuating adjustment or a larger downward adjustment. Whether the downward amplitude will break the trend line below; once the decline breaks the trend line, the upward trend will weaken. This is what needs to be focused on today. The expected trend is to rise and then fall back, continuing last week's upward trend, hitting the resistance level of 88320. Be cautious of a significant drop near the new high; the upward trend is mainly long positions.
For Bitcoin short contract position, short position near the resistance level around 88320, take profit around 85660, stop loss at 89130.
For Bitcoin long contract position, short long position near the support level around 83000, take profit around 87180, stop loss at 82200.
Ethereum has finally broken through the resistance level of 1600 points recently, following Bitcoin's rise, but the strength is still not strong enough. The upper platform resistance at 1780 is still a bit far. If Bitcoin leads Ethereum above 1780 recently, then the level of Ethereum's rebound can expand, and there will be expectations for a trend reversal. Recently, Ethereum mainly follows strong cryptocurrencies for an upward movement, first focusing on the breakthrough situation around the short-term resistance of 1700, and the trend below should not be broken. A weak rebound can continue. Today's expected trend is to rise and then fall back, adjusting after hitting a new high. Be cautious of an expanded adjustment after a new high; a small adjustment can still be bullish. In a fluctuating rise, short long positions are preferred.
For Ethereum single contract position, short position near the resistance level around 1700, take profit around 1610 points, stop loss at 1715.
For Ethereum long contract position, short long position near the support level around 1576, take profit around 1692 points, stop loss at 1560.
The views are for reference only, made by the Great God of Wealth.$BTC