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Yueying: Bitcoin and Ethereum Market Analysis for April 9th - If support holds, the bullish trend continues (with current price recommendations).

2026-04-09 08:43:25
Shareshare
On the daily chart, Bitcoin's previous candlestick encountered resistance near the upper Bollinger Band, closing lower and pulling back. Intraday trading is consolidating above 70,000. The Bollinger Bands are slightly widening, short-term moving averages are trending upwards, the MACD fast and slow lines are moving upwards with increasing volume, the KDJ is turning downwards, watch for resistance around 100, and the VR indicator is consolidating around 90. On the 4-hour chart, the price surged and then pulled back, undergoing a shakeout. Currently, it's consolidating near support. The Bollinger Bands are widening upwards, short-term moving averages are flattening, the MACD fast and slow lines are turning downwards and converging with decreasing volume, the KDJ is crossing downwards, watch for support around 0, and the VR indicator is consolidating around 110. Overall, the price action after the breakout hasn't continued but has pulled back again. However, short-term support hasn't been broken effectively, so we can look for a rebound based on this support, focusing on the 70,000 area. If a breakout occurs, the price will return to the previous trading range. Whether a new structure emerges depends on the price action in the next few days. It's best to observe and test the waters, and follow short-term suggestions. Bitcoin Short-Term Recommendation: Buy at the current price of 70850 (take profits as needed after strategy activation). Ethereum encountered resistance around 2300 and pulled back. The daily and 4-hour technical charts are correlated with Bitcoin's, so refer to them in conjunction with Bitcoin's charts. Short-term support is around 2250. See the short-term recommendation below. Ethereum Short-Term Recommendation: Buy at the current price of 2275 (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!
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