Although the US stock market is strong, the cryptocurrency prices are weak, continue to hold short positions! 4.25 Bitcoin trading strategy

The Chinese government has refuted rumors that both sides are not negotiating on tariff issues. However, due to the relaxation signals from the government, the daily panic index has eased, and the US stock market has recorded three consecutive days of gains, with the Nasdaq showing impressive growth. Yet, cryptocurrency prices have not increased significantly. This may also be due to the recent high surges requiring a pullback for correction! Yesterday, I shorted and made over 1,500 points during the day, and Ethereum also gained 20-30 points. The short positions entered in the evening are still being held!

From a technical perspective, the daily chart shows six consecutive bullish candles. Although the large candlestick retreated over 2,000 points, it was pulled up by the strength of the US stock market. This morning, a hammer candlestick formed, and the cryptocurrency price corrected to below the upper band. The Bollinger Bands have opened significantly, with the KDJ three lines turning down from a high position, and the MACD volume also starting to shrink. There is a need for a pullback on the daily chart, so everyone should be cautious about chasing the price at high levels!

Yesterday's initial jobless claims data was in line with expectations but showed a slight increase compared to the previous value, indicating a weak labor market. Therefore, we should first look for a pullback during the day! The resistance levels above are 94,200, 95,000, 96,000, and 97,000, while the support levels below are 91,600, 90,800, 90,000, and 89,200.

4.25 Bitcoin trading strategy: Aggressive traders can short at the current price of 93,700-94,000, while conservative traders should enter at 94,500-94,800, with a stop loss around 95,500; targets are 92,500-92,000-91,600, and if broken, look at 91,000-90,800-90,000.

4.25 Ethereum trading strategy: Aggressive traders can short at the current price of 1,770-1,780, while conservative traders should enter at 1,800-1,830, with a stop loss above 1,850; targets are 1,730-1,700, and if broken, look at 1,670-1,650.

Long position strategy: Recently, the bulls are strong. For Bitcoin, look to buy on a pullback to 90,000-90,500, with a stop loss around 89,200; targets are 91,000-92,000. For Ethereum, look to buy on a pullback to 1,650-1,680, with a stop loss around 1,620; targets are 1,720-1,750.

Friendly reminder: Trading carries risks, please ensure to set stop losses to manage risk, and gradually move stop losses to lock in profits! Do not hold heavy positions! It is an investment, not speculation! #TRUMP晚宴 #比特币市值排名