Yueying: Bitcoin and Ethereum Market Analysis for April 7th - Short-term Outlook Remains Within a Trading Range (with Latest Trend Recommendations)

On the daily chart, Bitcoin's previous candlestick closed lower and found support at the 60-day moving average and the middle Bollinger Band. The Bollinger Bands are flattening and narrowing, with short-term moving averages moving sideways. The MACD fast and slow lines are trending upwards with increasing volume. The KDJ indicator is turning downwards; watch for support around the 50 level. The VR indicator is consolidating around the 110 level. On the 4-hour chart, the price encountered resistance near the upper Bollinger Band and then fell with consecutive bearish candles, indicating weakening bullish momentum. The Bollinger Bands are narrowing, with short-term moving averages trending downwards. The MACD fast and slow lines are turning downwards with decreasing volume. The KDJ indicator is crossing downwards; watch for support around the 30 level. The VR indicator is consolidating around the 150 level. Overall, the price rebounded to around 70,000 and then retreated, continuing its consolidation structure. The short-term strategy remains unchanged; there's not much more to say. Treat it as a range-bound market and patiently wait for a breakout to establish a new structure. The short-term resistance level to watch is around 70,500, while the support level to watch is around the 66,000 level, the center of the range. Enter positions within this range. See short-term recommendations. Bitcoin short-term trading suggestions: Short at 69500, Long at 67000 (Take profits as needed after strategy activation). Ethereum short at 2180, the price retraced to 2715, the strategy was accurate, the entry point was a few ticks off. The daily and 4-hour charts are correlated with Bitcoin, the overall structure hasn't changed much, it's within a range, wait for a breakout. Resistance is seen at the previous high, support is around 2000. See short-term suggestions. Ethereum short-term suggestions: Short at 2155, Long at 2040 (Click the image to see the homepage introduction for more coin analysis). — I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!