Morning Analysis of Bitcoin and Ethereum Market on April 19

From a technical analysis perspective, we observe that the Bollinger Bands are gradually tightening in the 4-hour candlestick chart. This phenomenon releases important signals, indicating that the intraday market's fluctuation range will further narrow. Meanwhile, all three lines of the KDJ indicator are showing a downward trend, clearly indicating that bearish momentum is continuously accumulating. Considering these factors, there is a significant possibility that Bitcoin and Ethereum prices will continue to decline in the upcoming trading sessions.

When Bitcoin's current price rebounds to the range of 8500 - 8550, it may be a good time to consider establishing a short position. Specifically, it is recommended to set the target price at 8400 - 8300.

If Ethereum's price rises to the range of 1600 - 1620, investors may consider initiating a short position. For the target price, it is advised to set it at 1580 - 1520.