Capital drives the price of Bitcoin to break 95,000, long-term bearish awaits a waterfall! 4.26 Bitcoin Aunt's Thoughts
This week, the net inflow of Bitcoin spot ETFs exceeded 3 billion USD, and this round of capital has once again propelled the price of Bitcoin to rebound strongly! Bitcoin has led the rebound of risk assets, currently achieving the largest single-week increase since winning the election after the founding of the country. As the market downplays the impact of the trade war, Bitcoin has risen by about 12% since last week. Midnight provided a long-term short strategy that has been initiated, and without significant positive news, the price is expected to pull back sharply!
From a technical perspective, the daily chart has shown seven consecutive up days, with the day before yesterday and this morning both closing with similar doji candles, with a short real body. The lower Bollinger Band is narrowing, and the price is running below the upper band. The KDJ three lines are slowing at a high level, and the MACD volume is also slightly shrinking, showing a clear signal of stagnation on the daily chart. Everyone should be cautious about chasing the rise!
Capital inflow has also begun to slow down, with a significant decrease in inflow on Friday, which may be due to retail investors following the trend to buy. Currently, such a large increase has not seen significant positive news, so Conan believes there will be a significant pullback. For intraday operations, Conan suggests focusing on shorting at high positions! Key resistance levels to watch are 95,300, 96,000, and 97,000, while key support levels to watch are 92,800, 91,600, 90,800, 90,000, and 89,200.
4.26 Bitcoin Trading Strategy: Aggressive traders can enter short positions around the current price of 95,000, while conservative traders can enter between 95,500 and 96,000, with a stop-loss around 97,000. The target looks towards 92,800-92,000-91,600, and if broken, look towards 91,000-90,800-90,000.
4.26 Ethereum Trading Strategy: Aggressive traders can enter short positions around the current price of 1,800, while conservative traders can enter around 1,830, with a stop-loss above 1,850. The target looks towards 1,750-1,730-1,700, and if broken, look towards 1,670-1,650.
Long Position Strategy: Recently, the bulls have been strong, with Bitcoin entering long positions on a pullback to 91,000-91,600, with a stop-loss around 90,500, targeting 92,000-92,500-93,000. For Ethereum, enter long positions on a pullback to 1,650-1,680, with a stop-loss around 1,620, targeting 1,720-1,750.
Recently, being bearish has resulted in both profits and losses, but overall it has led to more losses than gains. The push from capital has disrupted the normal trend. Without positive news, this bull run has continued too long, and I anticipate a pullback. Everyone should be cautious about chasing the rise! $ETH #以太坊的未来