Yueying: Bitcoin and Ethereum Market Analysis for Today, April 21 - Will the Bulls' Counterattack Continue or See Another Peak?
I am Zhou Yueying, let's take a look at today's sharing!
Bitcoin Technical Analysis————
From the daily chart, Bitcoin has broken the recent trading range, opening with a rise and standing above the 60-day moving average, testing the upper band. The Bollinger Bands are slightly widening, and the short-term moving averages show signs of turning up. The MACD fast and slow lines are extending upwards, breaking through the 0-axis with increasing volume, and the KDJ is crossing upwards, noting resistance near the 100 level. The VR indicator is consolidating around the 160 level. On the 4-hour chart, the market has continuously risen, breaking through the upper band and operating above it. The Bollinger Bands are in a widening state, with short-term moving averages turning upwards. The MACD fast and slow lines are supported near the 0-axis, crossing upwards with increasing volume, and the KDJ is crossing upwards, paying attention to resistance near the 100 level. The VR indicator is consolidating around the 150 level, with RSI entering the overbought area. Overall, this wave of rising has broken the consolidation range. In the short term, pay attention to resistance around 89000. If it continues to break through, it will test the 90,000 level. Below, pay attention to the previous top-bottom conversion area, which is around 85300. After the rise, there is a need for correction, so focus on the support and resistance range in the short term and look at short trades.
Short-term Bitcoin: 88380 sell, 86200 buy (strategy activation allows for personal discretion)
Ethereum Technical Analysis————
Although Ethereum has also broken the small box, its trend is still weaker than Bitcoin and has not broken the previous high. Therefore, in the short term, pay attention to the situation of not breaking the previous high and fake breaks. Use these two points to enter short trades. Below, pay attention to the support area of the previous small box. Given that the RSI on the 4-hour chart has entered the overbought zone, if it continues to rise, do not chase the price easily; focus on shorting primarily if it continues to rebound. Look at short trades.
Short-term Ethereum: 1688 sell (1722 sell), 1618 buy (strategy activation allows for personal discretion)
——I am Zhou Yueying, a teacher focused on technical analysis. Anyone with questions about operations or trends can communicate and learn together with me! See you next time.
