4.25 Friday Afternoon Bitcoin and Ethereum Market Analysis and Trading Suggestions
Late at night, as you watch the red and green candlesticks dancing in your pupils, pressing the order button feels like betting all your possessions in a casino— you think you're a cool-headed trader, but in reality, you're just a puppet in the palm of the dealer! Just a second ago, Bitcoin broke its previous high, and the screen was full of "bulls returning quickly," making you excited to go all in on long positions. The next second, a long wick directly pierces your stop-loss line, and the liquidation reminder is more punctual than a food delivery message; just after following a big trader showing off a "hundredfold myth," you get hit by a spike and are forcibly liquidated, only to realize that the so-called "wealth code" is just a signal for others to harvest your profits. With every increment in leverage, your heart skips a beat; the numbers on the screen are not money, but your greed and fear being repeatedly whipped. Remember, in the world of contracts, every penny you earn is just a temporary illusion stored by the market, while every penny you lose is the tuition fee clearly marked for human weaknesses! Today, the digital currency market showed a typical pattern of rising and falling; Bitcoin faced selling pressure after reaching a high of 94409, forming a technical pullback, ultimately halting around the 92788 line. Ethereum also showed a correction, falling from a high of 1789 to a low of around 1737, perfectly validating the trend predicted by Xiao Ge earlier in the morning. At the same time, Bitcoin short positions were entered at 94250 and exited at 92850, capturing a 1400-point range, while Ethereum short positions were entered at 1785 and exited at 1740, capturing a 45-point range.
From a technical perspective, after experiencing a bottoming rebound stage, if the price can maintain above the key support level and form effective volume-price cooperation, it is highly likely to initiate a ladder-style upward trend. Analyzing the support levels, the 92500-91500 range constitutes the most important defensive position currently. This area is not only the starting point of yesterday's rebound, but it is worth noting that as market sentiment warms, the support range has significantly moved up from yesterday's 91600, indicating that the market's willingness to go long is strengthening. In terms of resistance levels, the 94500-95000 mark forms the first psychological defense line, and these resistances often trigger profit-taking, which is why a brief pullback may occur near 95000, but a healthy pullback can actually accumulate momentum for further upward movement.
Bitcoin: Buy near 93000, short-term target 95000
Ethereum: Buy near 1760, short-term target 1850