April 19, 2023 - Day Trading Ideas

BTC Hello brothers, good afternoon! Please recognize the cryptocurrency expert! I'm back with market analysis. The movement of Bitcoin is quite uncomfortable with its fluctuations! It’s either going to drop down for a correction or surge directly! It's been consolidating around 83000-85000 for almost a week now! The standout performer during this time is still SOL (Solana), which has been very strong and has been breaking through various levels of resistance! Today, it even surged to around 140 at one point! I’ve been urging everyone to pay attention to SOL for the past few days; I hope everyone has gotten on board! Back to the market, I told everyone that as long as we don’t drop below 84500, we should continue holding long positions! Currently, we are in a 4-hour upward trend, and if we retrace without breaking below 84500, then continue to hold long positions! The resistance ahead is at 85500 and 86500! Only if we stabilize at 85500 can the market continue to surge! The 4-hour closing is below 84500! Long positions should be set around 83700 and 83300 waiting to enter!

SOL The 4-hour closing has broken through the 136 resistance. As long as the pullback does not drop below 135, continue to enter long positions there, with resistance ahead at 140 and 145! There is also a significant weekly resistance level at 148! Short positions can be attempted at 145 and 148 while keeping an eye on Bitcoin's direction!

ETH This weak asset has not stabilized above 1610 during the rebound. The short-term retracement to 1585 has not broken down, so one can also enter long positions here! The resistance remains at 1610, 1660, and 1690! If it retraces and breaks below 1585, long positions should be set around 1550 and 1500 waiting to enter!

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