Bitcoin/Ethereum Retracement Long Position Gains Space Again

Analyst Liang Qiu: Evening Market Analysis for Bitcoin on April 18

In recent days, Bitcoin has experienced several periods of sideways movement since the tariff policy led to a decline. The overall trend shows signs of forming a bottom again. Additionally, the impact of the tariff policy is gradually weakening, and the market will eventually return to a technical focus after the news stimuli pass. We have previously positioned ourselves to raise short positions, and the overall space we captured has been quite good. Currently, the market is again in a sideways movement, with multiple lower wicks followed by upward movements forming support. We will continue to monitor the support levels at 1540 and 83000.

In terms of the K-line pattern for Bitcoin, recent prices have been oscillating at high levels, forming multiple small fluctuations in the K-lines, indicating market indecision. Recently, the daily chart has shown long upper and lower shadows, demonstrating intense competition between bulls and bears. On the technical indicators, the current MACD is in the negative zone but shows signs of convergence, potentially indicating a rebound or trend reversal in the short term. If the lower support holds, there will be further demand for bottom building and upward movement.

For evening operations, Liang Qiu suggests entering long positions for Bitcoin around 83500 to 84000, targeting near 85500; for Ethereum, enter long around 1550 to 1570, targeting near 1630.

Daily strategy analysis is limited, and market conditions can be variable, so please refer to real-time data for specifics. #币安Alpha上新