Yueying: Bitcoin and Ethereum Market Analysis for April 18 - Intense Bull-Bear Battle, Will the Weekend Break the Stalemate?

I am Zhou Yueying, let’s see today’s share!

Bitcoin Technical Analysis————

The daily chart for Bitcoin shows the market continuing to maintain a high-level fluctuation, with no significant changes. The previous candlestick closed positively but faced resistance around the EMA200 and 60-day moving average. The opening today continues to face pressure at the resistance level, the Bollinger Bands are slightly opening, and the short-term moving averages provide support below. The MACD fast and slow lines are crossing upwards with a decreasing volume, and the KDJ is facing resistance near the 100 value. The VR indicator is consolidating around the 150 value. Looking at the 4-hour chart, the market is fluctuating within the Bollinger Bands range, currently in the upper middle band area. The Bollinger Bands are narrowing, and the short-term moving averages are running around the middle band. The MACD fast and slow lines are moving downwards with a slight increase in volume, the KDJ is crossing downwards, and the VR indicator is consolidating around the 80 value. Overall, the high-level box has not been broken, and today’s US stock market holiday may lead to reduced trading volume, so short-term trading will continue to treat it as a box range. The upper and lower resistance supports can be referenced by the 4-hour Bollinger Bands upper and lower bands, and adjustments will be made upon breakouts, focusing on short-term trading.

Bitcoin Short-Term: 85200 Sell, 83700 Buy (Strategy activated, manage your own space)

Ethereum Technical Analysis————

Ethereum is linked to Bitcoin’s technical reference. The 4-hour candlestick shows fluctuations in a straight line, and the daily chart has continuously closed small cross K lines, indicating that the bull-bear battle has entered an intense stage. Similarly, for Bitcoin, if the range is not broken, continue to treat it accordingly. If it breaks, adjustments will be made, focusing on short-term trading.

Ethereum Short-Term: 1608 Sell, 1540 Buy (Strategy activated, manage your own space)

—I am Zhou Yueying, a teacher focused on technical analysis. Friends who have any questions about operations or trends can communicate and learn to operate with me! See you in the next issue. $BTC $ETH