🌾 April 25th afternoon market insights. 🌾
$BTC Insights:
Bitcoin challenged the previous high of 94900 again this morning but failed. This indicates that the 94900 position has significant resistance, and it cannot be successfully breached just once or twice; favorable news support is needed for a potential breakthrough.
Bitcoin's volume broke above the hourly closing price of 93178, and further buying can be pursued above 93178; stop loss if it breaks below.
If it breaks below 92800 with volume and cannot recover, pursue short positions on the right side; recover the stop loss, and pay attention to changes in volume, ensuring a good stop loss.
At 91634, a false breakdown occurred; recover a small position to go long. If it breaks below the false breakdown low or below 90828, set a stop loss; if it can't recover, do not go long.
🌾
Bitcoin's hourly level is showing an M-top pattern. If Bitcoin breaks below 91600, the M-top will be established, and it's uncertain where it will go from there. Today, pay attention to the gains and losses at 91600, as this is crucial.
If it can break above and stabilize at 93580, it can look upward to 94169-94441; too high cannot be seen.
Above Bitcoin, be cautious of a 2b false breakout at 94456; short a small position, and set a stop loss at 95000 if it stabilizes above.
Conservative players wait for: long at 90591; if it breaks below 90000, must exit.
🌾
Upper resistance: 93637-94187-95026
Lower support: 92541-91668-90560
On the 4-hour level, if it breaks below 92633, look downward to 91885-90575. The current hourly high is decreasing, and there hasn't been a lower low yet; once a lower low appears, a pullback will start.
🌾🌾🌾🌾🌾🌾🌾🌾🌾🌾
$ETH Thoughts:
For Ethereum, if it breaks above 1761 with volume, pursue long positions on the right side; recover the stop loss.
If it breaks below 1738 with volume, pursue short positions on the right side; ensure a good stop loss.
If it retraces to 1710 and confirms support, add a long position; if it breaks below 1679, set a stop loss.
Ethereum's hourly level can only look upward towards 1790-1808 if it stabilizes above 1776; do you think it can still go up with this movement?
Above Ethereum, watch out for 1800 to short a position; set a stop loss at 1838 if it breaks.
Left-side orders: long at 1661; set a stop loss at 1629 if it breaks.
🌾
Upper resistance: 1777-1802-1838
Lower support: 1738-1711-1680
On the 4-hour level, if 1738 does not hold, look at the target positions below: 1685-1637. Refer to the 4-hour chart of Ethereum; the yellow box highlights that apart from the doji star, it remains a doji star; how can Ethereum rise?
Maintaining the status quo without falling is already quite good; the meeting is adjourned.