Yueying: Bitcoin and Ethereum Market Analysis (April 15th) - Short positions closed, rebound resistance not broken, continue shorting.
The short position on Bitcoin at 75600, as mentioned above, has moved within a range of approximately 1800 dollars. Looking at the daily chart, the previous candlestick broke through the upper Bollinger Band but failed to hold, closing with a long upper shadow before retracing and trending downwards. The Bollinger Bands are widening, 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, watch for resistance around the 100 level, and the VR indicator is consolidating around the 90 level. On the four-hour chart, the price has closed with consecutive bearish candlesticks, indicating a slowdown in upward momentum. Currently, it is trading below the 7-day moving average, the Bollinger Bands are widening, short-term moving averages are slightly turning downwards, the MACD fast and slow lines are extending downwards with decreasing volume, the KDJ is crossing downwards, watch for support around the 0 level, and the VR indicator is consolidating around the 160 level. Overall, the price touched the previous high resistance but failed to break through, confirming the initial strategy. Using the previous high as a dividing line, this level can still be considered for entry. Support below is around 73000. For intraday trading, Yueying recommends focusing on shorting on rallies, as suggested in the short-term recommendations. Bitcoin short-term trading suggestions: Short at 75500, Long at 73300 (Take profits as needed after strategy activation). Ethereum touched the 2400 area and then fluctuated downwards. The overall technical trend is similar to Bitcoin's and can be used as a reference. The short-term resistance level to watch is around 2400, and the support level is around 2250. See 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!