Hello everyone! Today is April 19th early morning. Since the US stock market was closed last night and there were no significant news during the day, the price of Bitcoin has been fluctuating within a small range.
From the four-hour candlestick chart, Bitcoin has tried to rise several times but has been pushed down each time. There are always long upper shadows on the candles, indicating that many people are selling at high prices, resulting in significant selling pressure. Additionally, the energy bars of the MACD indicator are getting shorter, which makes it easy for the market to exhibit a one-sided trend.
Now, don’t impulsively chase the high prices. If you want to be cautious, it’s more advisable to look for opportunities to short at high levels. Be sure to control the amount of capital you invest; don’t go all in, as risk comes first!
Specific operation suggestions:
Bitcoin: If the price reaches the range of 850 - 855, consider shorting. First, watch for a drop to 830; if it breaks below 830, it may drop further to 825.
Altcoin: If the price is around 1610 - 1630, it is suitable for shorting. The target price is expected to be 1550 - 1530.
Remember, investing carries risks, and operations should be cautious!
