4.17 Bitcoin used a strategy of buying low and selling high to recoup losses; subsequent trend analysis and trading strategy!

2026-04-17 04:07:06
Shareshare
On the daily chart, Bitcoin closed with a bullish candlestick around 75100. The resistance level of 75000 remains valid, while the support level, after several days of testing, is around 74000-73500. Ethereum closed with a bearish candlestick around 2346. The resistance level of 2360-2400 remains valid, while the support level of 2300-2280 remains unchanged. On the 4-hour chart, Bitcoin has clearly formed a range with resistance above and support below, with resistance at 75500 and support at 73500. Until a breakout occurs, buying low and selling high within this range is recommended. Ethereum is also trading within a range, with resistance at 2370-2390 and support at 2300-2280. Similarly, until a breakout occurs, buying low and selling high is also advisable. Trading Strategy: Yesterday's high-sell, low-buy strategy resulted in both Bitcoin and Ethereum short positions hitting their profit targets. Of the long positions, only Bitcoin was successfully entered and closed with a profit. Unfortunately, Ethereum failed to retrace to the expected level, preventing entry. However, the high-sell, low-buy strategy remains applicable, and the short positions have been successfully entered again and are currently profitable! Bitcoin: Short at 75000-75500, target 74000-73000, stop loss above 76000; Ethereum: Short at 2360-2380, target 2300-2260, stop loss above 2400; Bitcoin: Long at 73000-73500, target 74500-75500, stop loss below 72500; Ethereum: Long at 2260-2280, target 2320-2370, stop loss below 2220. These strategies are time-sensitive; please refer to the homepage for details and private real-time guidance.
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