On the daily chart, Bitcoin closed with a bullish candlestick around 78100, with current resistance at 78500-79000. The previous resistance level of 77000 has now become a support level after being broken through. Ethereum closed with a bullish candlestick around 2370, with current resistance at 2400. The previous resistance level of 2350-2320 has also become a support level after being broken through. On the 4-hour chart, Bitcoin retraced to the support level of 74,000 before breaking through to a new high of 79,500. Currently, it is facing resistance again, with short-term support at 77,000-76,000. The strength of the pullback needs to be observed step by step; a break below 74,000 is needed for a deeper correction. Ethereum's trend is slightly different. After retracing to the support level of 2250, it rallied but failed to break through the previous high of 2460, only reaching 2420 before encountering resistance and falling back. Current short-term support is at 2330-2300. The strength of the pullback also needs to be observed step by step; a break below 2250-2230 is needed for a deeper correction. Trading strategy: The price has now risen to near the upper edge of the trend channel. It is recommended to continue to establish short positions, and gradually place long positions depending on the support level. Short Bitcoin at 78000-78500, target 77000-76000, stop loss above 79500; consider entering long positions at 76000-76500! Short Ethereum at 2360-2380, target 2300-2250, stop loss above 2430; consider entering long positions at 2280-2300! These strategies are time-sensitive; please refer to the homepage for specific details and private real-time guidance.
April 23rd Bitcoin and Ethereum Trend Analysis and Trading Strategy!
2026-04-23 03:30:14
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