"BTC, ETH Analysis: Market Trends and Countermeasures on April 26, 2024"

Bitcoin Analysis

Support:

There is strong support in the $61,000-62,000 range

There is some short-term support near $60,000

There is also a small amount of short-term support near $635,000

Resistance:

There is some resistance in the $65,000-66,000 range

There is some short-term resistance near $67,000

There is more resistance in the $68,000-69,000 range

In general, in the 4-hour time frame, the Bitcoin price is currently in a sideways consolidation range between support and resistance levels.

Trading Strategy

Breakthrough of key resistance:

If the price can break through the resistance level near $715,000, it is expected to enter the next larger upward trend.

Focus on the daily chart pattern:

You can pay close attention to the bullish flag pattern on the Bitcoin daily chart.

Focus on the US dollar index (DXY):

When the DXY shows a downward trend, it is usually a signal for the Bitcoin price to rise.

Focus on the RSI indicator:

Once a breakout of the descending trendline is confirmed and higher lows and higher highs appear, it is a signal that Bitcoin will turn bullish again in the short term.

Short-term trading opportunities:

Even in the short-term sideways consolidation stage, trading opportunities can be found between support and resistance levels.

Long position preference:

I personally prefer to hold long positions in the bull market.

Ethereum analysis

Support level:

There is some support near $3050

The main support area is between $2850-2950

Resistance level:

There is short-term resistance near $3200-3250

$3470-3530 is the next major resistance area

Technical indicator analysis

RSI divergence:

On the 8-hour time frame, Ethereum RSI has seen lower highs and lower lows, and this bearish divergence may continue to play a role in the next few days.

Short-term neutral trend:

Due to the RSI divergence signal, Ethereum presents a relatively neutral sideways trend in the short term.

Trading strategy

3250 USD resistance:

If Ethereum price can break through the 3250 USD resistance level, it may rise further.

Focus on support level:

If the price falls below the main support area of ​​2850-2950 USD, a larger short-term correction may occur.

Short-term trading opportunities: In the current sideways consolidation phase, the support and resistance levels can be closely watched.

Cautious optimism:

Given the RSI divergence signal, Ethereum price may experience some volatility and correction in the short term, and caution is needed.#大盘走势 $BTC $ETH