4.28 Today's Strategy Analysis
Bitcoin had a slight market movement near the moving average last night, but during the subsequent rise over 5 hours, the increase was always a weak small rebound. Ultimately, the small rebound ended in the early morning, and a sharp drop directly broke through the moving average. This support point being breached will test the low points of the consolidation range below. The low point of the consolidation range is near 92000 points. If there is no strong upward movement in this support area, the adjustment range will expand. The overall upward trend has not been broken, but the horizontal consolidation time has been extended, building a support platform, and after narrowing the fluctuation range, a direction will be chosen. In terms of operations, there is a short long opportunity near the support point of 92000 points below, pay attention to the upward momentum nearby. A weak rebound means that horizontal consolidation is still needed. The market is leaning towards consolidation, and it is advisable to enter the market near the support level. Prevent a break below the support of 92000 points, which would lead to an expanded decline. Make sure to set stop losses and take profits.
Bitcoin short contract position, short short operation near the upper resistance level of 95310, take profit around 92000, stop loss at 96110.
Bitcoin long contract position, short long operation near the support level of 92000, take profit around 94800, stop loss at 91200.
Ethereum reached a new high of 1857 yesterday, just 3 points away from the upper resistance of 1860, but it was directly suppressed near the resistance level. The bearish strength above is too strong, and the short-term retreat will test the previous low of 1734. Pay attention to the support situation in this area. If a strong rebound occurs nearby, a consolidation range platform will form, which will initiate the second round of upward movement. If the support level of 1734 is quickly broken, the downward range will expand, heading towards the next support level of 1674. If this happens, the upward trend will weaken and turn into a weak rebound. It is expected that there will be a slight retreat today to test the support point of 1734 before starting a rebound market. The market is leaning towards consolidation, with quick entries and exits.
Ethereum short contract position, short short operation near the upper resistance level of 1830, take profit around 1745, stop loss at 1845.
Ethereum long contract position, short long operation near the support point of 1734, take profit around 1826, stop loss at 1719.
The opinion is for reference only, created by the Great Wealth.