April 26 Afternoon Market Interpretation and Trading Suggestions
BTC (Bitcoin)
After a night of consolidation, Bitcoin has neither broken through the upper resistance nor fallen below the key support. Currently, the price is operating near the four-hour support level of 94300, and attention should be paid to the four-hour closing situation. If the closing can hold above 94300, it indicates that the bullish momentum has not yet weakened, and one can continue to pay attention to the resistance levels in the upper region of 95800 and 96500, with short-term trading strategies to short at high and long at low within this range; a more conservative short position strategy can be laid out near 98500.
If the four-hour closing breaks below 94300, it means that this round of the four-hour upward wave has come to an end. At that time, focus on the lower support around 92800 and 91600, and aggressive long positions can attempt to enter near 91800, while conservative traders should wait for opportunities near 89300.
ETH (Ethereum)
Ethereum's movement remains in sync with Bitcoin, and the current four-hour support at 1780 has not yet been breached, indicating that bullish continuation is still in play.
The target resistance levels above are 1836, 1898, and 1955.
If the subsequent four-hour closing falls below the 1780 support, it indicates the end of the four-hour upward wave, and lower support levels to watch for pullback opportunities are around 1730 and 1678.
