Bitcoin/Ethereum retracement long orders again successfully profited

Analyst Liang Qiu: 4.20 Bitcoin Auntie Weekend Narrow Fluctuation, Focus on Bottom High-Low Switching

Bitcoin Auntie has been fluctuating narrowly over the weekend with multiple consolidations and not much overall movement. The retracement long position we planned earlier has reached its target as expected, and the market is now pulling back again. Tonight, pay attention to the lower support levels at 83000 and 1530; if the support holds, there will be some rebound. The four-hour Bollinger Bands show no significant changes, and the hourly chart is starting to stabilize and rebound, so expect a rebound after the pullback tonight. However, tomorrow is Monday, and the overall trend may change, so it’s best to focus on trend waves and follow the operation directly if a break occurs.

In terms of K-line patterns, Bitcoin Auntie's recent price has been fluctuating at a high level, forming multiple K-lines with long upper shadows, indicating heavy selling pressure in the market. A clear downtrend has appeared on the daily level, with consecutive days of closing in the red and significant volatility. Currently, the market is under pressure above and has support below. On the technical indicators, the MACD on the four-hour cycle is in the negative zone, with the fast and slow lines diverging downward, indicating that short-term bearish forces are dominant. However, the market is approaching the daily level, having touched the support area multiple times without breaking, so one can look bullish as long as the support holds.

For tonight's operations, Liang Qiu suggests entering long positions for Bitcoin around 83500 to 84000, targeting near 85500; for Ethereum, enter long around 1540 to 1560, targeting near 1620.

Daily strategy analysis is limited, and the market is variable; specifics should be based on real-time conditions. #美联储独立性