Yueying: Bitcoin and Ethereum Market Analysis for April 20th - Phase of Adjustment, Rebound Expected Above 73,000 (with Latest Trend Strategy)

Bitcoin's daily chart shows two consecutive bearish candles, erasing recent gains. After opening and touching support, it rebounded slightly. The Bollinger Bands are flattening out, with short-term moving averages parallel and slightly turning downwards. The MACD lines are flattening downwards with decreasing volume. The KDJ indicator is turning downwards; watch for support near the 0 level. The VR indicator is consolidating around 110. On the 4-hour chart, the price found support at the 60-day moving average and the lower Bollinger Band, rebounding. Currently, it's facing resistance around the middle Bollinger Band, experiencing a sharp drop and maintaining a sideways trend. The Bollinger Bands are flattening, with short-term moving averages parallel. The MACD lines are trending downwards with decreasing volume. The KDJ indicator is crossing upwards; watch for resistance near the 50 level. The VR indicator is consolidating around 130. Overall, the price action started to decline above 78,000, which is the previously mentioned major dividing line, and the trend is in line with expectations. This wave of consolidation is partly influenced by news. Although the short-term market is weak, the key support levels below remain intact. A healthy market trend involves retracements and consolidation at each key level. At this point, the market can be viewed as a phase of adjustment and correction. Short-term support is around 73,000, and resistance is around 77,000. See short-term recommendations. Bitcoin short-term recommendation: Short at 76,600, Long at 73,700 (Take profits as needed). Ethereum's rebound is weaker. After finding support at the lower Bollinger Band on the four-hour chart, it started to rise and is currently testing the 60-day moving average. The overall technical analysis should be referenced in conjunction with Bitcoin. Short-term support is around 2200, and resistance is around 2400. See short-term recommendations. Ethereum short-term recommendation: 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 strategies or market trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!