ETH April 30 Night Market Key Levels: 1795 Defines Bullish and Bearish!
Core Viewpoints:
- $1795 is the dividing line for bullish and bearish in the night market; if it closes above in 4 hours, it indicates bullishness, otherwise, a correction will follow.
- Upside Breakout: Targets are **1830 → 1856 → 1881 (gradual resistance levels).
- Downside Correction: Support to watch is **1751 → 1721 → 1695 (key defense zone).
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Specific Strategies
✅ Bullish Market (Above 1795)
- If the 4-hour candle (especially during the European and American sessions) can strongly close above 1795, the trend is bullish.
- First target is 1830; after breaking through, it may test 1856, or even challenge 1881 (previous high resistance).
- Operation Suggestion: If it retraces to 1795 without breaking it, consider going long, with a stop loss below 1770.
❌ Bearish Correction (Below 1795)
- If the 4-hour closing price cannot hold above 1795, a short-term retracement may occur.
- First support is 1751 (short-term buying zone); if broken, watch 1721 (trend support), with strong support at 1695 (last defense line for bulls).
- Operation Suggestion: If it rebounds but does not exceed 1795, consider shorting, with a stop loss above 1810, targeting the support levels below.
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Key Reminders
⚠️ False Breakout Risk: Liquidity is lower at night; beware of spikes, and wait for closing confirmation for more security.
📊 Volume Coordination: It’s best to have increased volume during breakouts/breakdowns; otherwise, it may just be volatility.
⚡ Strict Stop Loss: Regardless of bullish or bearish, maintain a good stop loss to avoid significant losses from unexpected fluctuations.
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Summary: Focus on 1795 during the night market; if it holds, go long; if it breaks, look to short; avoid being too aggressive in the middle!
