4.21 Today's Strategy Analysis
Bitcoin showed a significant upward trend in the early market today. Clearly, the surge of SOL has driven the entire market. In the early session, Bitcoin broke through the consolidation range and began to rise. This wave of upward movement is expected to challenge the 90,000 points above, especially since the daily MACD has already started to return to the zero axis, indicating a typical acceleration pattern. This upward movement may be rapid, so do not exit easily. Currently, pay attention to the strength of the pullback. If it is a strong upward movement, the drop generally will not fall below 86,000 points, which will be a strong support point for the next wave of upward movement. The trend of the market has already opened for upward movement. The strategy is to primarily buy on dips. It is expected that today will see a fluctuating rise, and after a significant surge, it may build a support platform to prepare for the next wave of increase.
Bitcoin short contract level: pressure around 88,630 can be used for short selling, take profit around 86,260, stop loss at 88,950.
Bitcoin long contract level: support around 85,950 can be used for short buying, take profit around 88,600, stop loss at 85,100.
Ethereum followed Bitcoin's rise in the early session today, overall in the stage of building horizontal support. However, since both Bitcoin and SOL are in a rising trend, in the short term, Ethereum will be driven upwards. With this logic in mind, first pay attention to the breakout situation above 1,690. Once the high point of this consolidation range is completely broken, the upward trend will open up, and it will rise sharply like Bitcoin. However, if there is an immediate drop upon hitting the pressure at 1,690, it proves that there are too many people shorting Ethereum, and the bearish trend has not yet been reversed. Therefore, it is necessary to guard against the daily trend pressure level being unable to break through, which may lead to another pullback like before.
Ethereum short contract level: pressure around 1,700 for short selling, take profit around 1,620, stop loss at 1,715.
Ethereum long contract level: support around 1,570 for short buying, take profit around 1,690, stop loss at 1,555.
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