4.22 Today's strategy
After Bitcoin hit a new high last night, it experienced a significant adjustment, briefly breaking through the moving average support, but there is still a certain distance from the 86000 points support level we mentioned. It started to rebound above the support level, clearly the bulls do not want to give the bears too much space. This morning, it once again set a new high, and after experiencing two new highs, the expectation for a short-term adjustment has increased. There is no rush to enter long positions in the morning session; patience is needed to wait for the adjustment to occur, and it might even be possible to take a small short position. The adjustment corresponding to the two highs may be relatively large, so pay attention to the support situation near 86000 points. If this key level is not broken, there is hope for continuation of the rise. It is expected that the index today will first adjust, then challenge a new high again, and the market is leaning towards fluctuations. Both bulls and bears need to act quickly.
Bitcoin short contract point, the resistance around 90530 points above can be used for short trades, take profit around 86600 points, stop loss at 91300.
Bitcoin long contract point, the support around 86000 points below can be used for short-term long trades, take profit around 88360 points, stop loss at 85200.
Ethereum followed Bitcoin's decline last night, experiencing a significant adjustment, the adjustment strength was as we predicted in the live broadcast, the decline is more severe than other cryptocurrencies, directly breaking the critical support level of 1620, even falling below the low point of the oscillation platform. If the lower level of 1553 is broken and cannot be recovered, it means the oscillation platform begins to choose the downward direction. Therefore, the recent trend of Ethereum is weak, coupled with a long upper shadow on the daily chart, and it cannot break through the descending channel on the daily chart. Short-term long positions need to be cautious to guard against sudden plunges that may lead to re-testing the bottom. On the contrary, short positions can be arranged at the high points of the oscillation range. It is expected that there will be a slight rebound today before falling again, with an overall bearish trend.
Ethereum short contract point, the resistance level around 1640 above can be used for short trades, take profit around 1553 points, stop loss at 1655.
Ethereum long contract point, the support point near 1551 below can be used for short-term long trades, take profit around 1621 points, stop loss at 1536.
The opinions are for reference only, produced by the Great God.