Yueying: Bitcoin and Ethereum Market Analysis for April 12th - Weekend Review, Latest Trend Analysis, and Short-Term Suggestions

On the daily chart, Bitcoin's previous candlestick touched the upper Bollinger Band and then closed with a doji, indicating a pullback and consolidation at the open. The Bollinger Bands are flattening, short-term moving averages are trending upwards, the MACD fast and slow lines are trending downwards with decreasing volume, the KDJ is encountering resistance at 100 and turning downwards, and the VR indicator is consolidating around 90. On the 4-hour chart, the price has seen two consecutive bearish candles and is currently trading below the middle Bollinger Band. The Bollinger Bands are flattening and showing signs of narrowing, short-term moving averages are trending downwards, the MACD fast and slow lines are extending downwards with increasing volume and turning green, the KDJ is trending downwards, and attention should be paid to support around the 0 level. The VR indicator is consolidating around 100. Overall, after breaking through the short-term high, the price failed to continue its upward trend and instead pulled back again. This back-and-forth movement seems to be consolidating the bottom. A slow and steady rise might be a pleasant surprise for the bulls. My view remains unchanged: if the support holds, the upward trend will continue. Short-term support is around 71000, and resistance is around 74000, followed by 75000. This is my short-term recommendation. Bitcoin Short-Term Trading Recommendation: Buy at 71200 (Take profits as needed after strategy activation). The long position I gave on Ethereum missed by a few dollars, but I did suggest buying at 2180 internally, so sometimes flexibility is needed. This rebound has been quite strong. The overall trend is technically linked to Bitcoin, so refer to this analysis. Short-term resistance is around 2350, and support is around 2150. See short-term recommendations. Ethereum Short-Term Trading Recommendation: Buy at 2188 (Click the image to see my profile 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!