4.14 Bitcoin/Ethereum Market Analysis

The market continues to follow news-driven fluctuations, reaching a high of around 74,800 this morning. The short-term rally has been too rapid, and a consolidation phase is expected. If you haven't bought in at lower levels before, now is not the time to blindly chase the long side to avoid getting trapped.

This round of violent surge has been a victory for the bulls. The daily chart has broken through a key resistance level, and technical indicators are showing broad strength. The 73,000 level has shifted from resistance to support. Watch the previous high of 75,000-76,000 above for Bitcoin. Although the 4-hour chart shows a brief pause due to the sharp rise, the upward trend remains intact. Pullbacks are opportunities for low-entry positions. The 1-hour chart shows sideways movement at high levels, which is a normal technical correction.

The previous high resistance around 76,000 above should not be ignored. Be cautious when going long to avoid chasing the high and getting trapped.

Bitcoin Trading Strategy

Long positions: Enter at 72,800-73,300, stop loss below 72,300, target around 74,300-75,000.

Short positions: Enter on rebound at 75,500-76,000, stop loss at 76,800, target 73,700-73,000.

Ethereum Trading Strategy

Long positions: Enter on pullback at 2,260-2,280, stop loss below 2,250, target around 2,330-2,350.

Short positions: Enter on rebound at 2,390-2,410, stop loss above 2,430, target 2,310-2,280.

Be sure to strictly set your stop losses!