Yueying: Bitcoin and Ethereum Market Analysis for April 16th - Long/Short Strategies: If the previous high resistance level is not broken, expect a pullback.

Bitcoin's price action has seen a range of over 3,000 dollars. On the daily chart, the previous candlestick closed positive and traded around the upper Bollinger Band. Intraday trading is expected to continue the high-level consolidation. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with decreasing volume, the KDJ is showing signs of converging downwards, and attention should be paid to resistance around the 100 level. The VR indicator is consolidating around the 110 level. On the 4-hour chart, the price is repeatedly consolidating around 75,000. The Bollinger Bands are flattening and narrowing, short-term moving averages are parallel, the MACD fast and slow lines are parallel but showing signs of turning downwards with decreasing volume, the KDJ has turned upwards after finding support at 0, and the VR indicator is consolidating around the 140 level. Overall, the price movement is in line with the above expectations. If the previous high resistance is not broken, a pullback is expected, with support around 73,000. As long as there is no strong and effective breakout in the short term, the above strategy can still be followed: short-term trading with a strategy of buying low and selling high. See the short-term recommendations. Bitcoin short-term trading suggestions: Short at 75500, Long at 73300 (Take profits as needed after strategy activation). The Ethereum short-selling strategy mentioned above has only realized about $50 so far. The overall strategy remains to correlate with Bitcoin. The short-term resistance level to watch is around 2400, and the support level is around 2250. The short-term strategy remains the same as above; see the short-term suggestions. Ethereum short-term trading suggestions: Short at 2380, Long at 2260 (Click the image to see the homepage introduction for more cryptocurrency 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!