April 28 Market Trend Analysis
Bitcoin
Currently, Bitcoin is in a small cycle triangular consolidation (as shown), experiencing narrow fluctuations, with the short-term direction pending a breakout to confirm:
Support Level: 93753 (key psychological level of the day + bull-bear dividing line), if it breaks, it may drop to 92026;
Resistance Level: 94984 (previous high + trendline resistance), if it breaks, look towards 99,000;
Key Support Level 92026,
Strategy:
Long Position: Short-term long position at 93753 looking at upper resistance 94984. Or, if it breaks the resistance level of 94984, it can be viewed as a long on a pullback.
92026 can be positioned for a long-term buy, with key support and trendline support, the level can be viewed larger, with considerable profit, target 95710, or even a turning point for a new round of increase;
Short Position: If it breaks below 93753, a short can be taken, target 92026. Or wait for the 94984 resistance level to short towards 92026.
Ethereum
Currently, Ethereum is in a high-level box consolidation (as shown), the strategy can adopt the idea of shorting at the upper edge and longing at the lower edge.
Support Level: 1781 (key psychological level of the day + bull-bear dividing line), if it breaks, it may drop to 1741;
Resistance Level: 1835 (previous high + trendline resistance), if it breaks, look towards infinite space above.
Key Support Level 1741,
Strategy:
Long Position: Short-term long position at 1780 looking at upper resistance 1835. Or, if it breaks the resistance level of 1835, it can be viewed as a long on a pullback.
1741 can be positioned for a long-term buy, with key support, the level can be viewed larger, with considerable profit, target 1835, or even vast space after the breakout;
Short Position: If it breaks below 1780, a short can be taken, target 1741. Or wait for the 1835 resistance level to short towards 1780, or even 1741.