4.27 (Sunday)

This is also the first public market analysis and my own trading position sharing in the square, for reference only. If it benefits you, I will be greatly honored.

The calm range of the weekend is about to come to an end. Unexpectedly, both BTC and ETH had a wave of volume surge this morning. ETH suddenly surged from around 1800 to 1857, while Bitcoin quietly rose from 94000 to 95280. After this surge, both retreated to their initial rising points and went sideways.

This surge was actually a continued test of the upper pressure levels during the leisurely weekend, with BTC's small-level resistance around 95300/95700 still being difficult to break.

ETH is more volatile; it failed to break the 1840 resistance level despite trying three or four times during the week. This sudden surge to 1857 on the big weekend is quite strong, resembling a triumphant march. Unfortunately, this breakout still indicates a tactic of the market makers to clear the liquidity at 1840-1860, i.e., to induce buying.

Currently, BTC's upward resistance is at 95300/95700/96500, and downward support is at 93800/93200/92500. For ETH, the upward resistance is at 1840/1870, and only if 1870 is broken can there be a chance for further gains. Downward support levels are 1780/1750/1720 in sequence. As long as support levels are not broken, there won't be a significant decline.

In the evening, I plan to place limit orders:

BTC: Open short positions at 1% of total capital at 95100 and 95500,

prepare to reduce positions at 94000 and set a breakeven stop loss at 92500,

with a stop loss at 95800;

ETH: Open short positions at 1% of total capital at 1818 and 1838,

prepare to reduce positions at 1780 and set a breakeven stop loss at 1720,

with a stop loss at the previous high of 1857;

Note:

Second cryptocurrency is prone to sudden sharp drops or crazy surges, so orders should be placed with take profit and stop loss to avoid unexpected market movements causing losses.