Yueying: Bitcoin and Ethereum Market Analysis (April 17th) - Bulls and Bears Consolidate Again, Is the High-Level Fluctuation Brewing for a Plunge?

The price of Bitcoin, which was around 73300 as mentioned above, rebounded to around 73250, gaining over 2000 dollars. The short position at 75500 was also precisely executed, currently yielding a profit of 1000 dollars. Looking at the daily chart, the previous candlestick was a hammer, and the price opened and consolidated at high levels. The Bollinger Bands are widening upwards, and the short-term moving averages are trending upwards. The MACD fast and slow lines are extending upwards with decreasing volume. The KDJ lines are converging downwards; note that the 100 level is a resistance point. The VR indicator is consolidating around 110. On the four-hour chart, the price was resisted and pulled back around the upper Bollinger Band, currently trading near the middle Bollinger Band and moving averages. The Bollinger Bands are flattening, and the short-term moving averages are parallel. The MACD fast and slow lines are turning downwards with increasing volume and turning green. The KDJ is turning downwards, and the VR indicator is consolidating around 200. Overall, the price is consolidating at high levels, and the intraday movement is in line with expectations. Until this range is broken, Yueying suggests continuing to treat the short-term market as range-bound. The strategy mentioned above can be reiterated. See the short-term recommendations. Bitcoin short-term trading suggestions: Short at 75500, Long at 73300 (Take profits as needed after strategy activation). Ethereum's long/short strategy is slightly different; the overall trend analysis can be referenced in conjunction with Bitcoin. The short-term resistance level to watch remains around 2400, and the support level is around 2250. The short-term strategy continues to follow the above 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!