April 18th, Friday, Chen Yue's Morning Analysis

The overnight big pancake experienced a textbook-level roller coaster market, violently rising nearly $2000 from a low of $83700 in the early morning, touching $85441 before quickly retracting the gains. The aunt is quite impatient; she just broke through the 1616 resistance level but couldn't stabilize before turning back down. Now both brothers are hovering near critical levels.

From the four-hour chart, the Bollinger Bands are tightening like a coiled snake, indicating that both bulls and bears are holding back their big moves. Although the rebound this early morning looks impressive, the trading volume can't keep up, like a car flooring the accelerator but running out of gas. If the 85000 watershed level can't hold, it’s not impossible to revisit 83000.

The short cycle is even more interesting; the hourly chart shows a long upper shadow shooting star, combined with a shortening MACD red bar and KDJ flattening at a high level, making it clear to sharp-eyed observers that this surge appears a bit hollow. Just like a person needing to catch their breath after a 100-meter sprint, the market also needs to retrace to gather strength.

Chen Yue's trading strategy:

1. BTC: Enter long positions in the 84000 area, target range 85500-86500

2. ETH: Build long positions near the 1560 support level, aiming for the 1620-1650 range.