4.17 Thursday Afternoon Bitcoin Ethereum Market Analysis and Trading Suggestions
Reviewing the morning's low bullish strategy, the actual trading provided a short-term space of a hundred points reaching the 84468 line. Currently, the market situation is consistent with our morning's low bullish analysis, with the actual coin price slowly descending in a volatile situation without significant fluctuations. In the short term, one can take light positions to short, waiting for the right moment. For now, we still maintain the low bullish strategy in the afternoon, waiting for the market to pull back and try a light long position, with Ethereum moving in sync.
The daily chart shows a breakthrough upward pattern, with the price stabilizing above the key resistance level of 84,000 USD. The 4-hour candlestick chart has formed three consecutive bullish candles and has broken through previous highs. The MACD indicator shows a golden cross with increased momentum, and the RSI indicator is above 65 but has not entered the overbought zone, indicating a healthy upward trend with room for further growth.
Thursday Afternoon Suggestions:
For Bitcoin, try light long positions around 83000-83500, targeting 85000. If it breaks below 83000, then reverse to short.
For Ethereum, long positions in the 1500-1550 range, targeting 1650.
