The short position in Bitcoin, as mentioned above, has moved within a range of approximately $1100. Looking at the daily chart, the previous candlestick closed bullish, and the price opened above the moving averages, maintaining a high level of consolidation. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards with decreasing volume, the KDJ is flattening upwards; watch for support around the 50 level. The VR indicator is consolidating around the 130 level. On the 4-hour chart, the price tested the upper Bollinger Band and closed with a doji, currently oscillating above the middle band. The Bollinger Bands are narrowing and showing signs of flattening, short-term moving averages are trending upwards, the MACD fast and slow lines are parallel with decreasing volume, the KDJ is trending downwards; watch for resistance around the 100 level, and the VR indicator is consolidating around the 150 level. Overall, the market maintains an upward-trending structure, with the price action within an upward channel. The previous analysis was accurate. In the short term, watch for support around the 4-hour 60-day moving average and the lower Bollinger Band. If the price retraces but doesn't break through, the upward trend can continue; a break below these levels will lead to a search for new support, temporarily disrupting the upward structure. Watch for resistance around the upper Bollinger Band. If it doesn't break through, you can continue to participate; if it breaks through, wait for the previous high before entering. See short-term suggestions. Bitcoin short-term suggestion: Short at 76600, Long at 74800 (Take profits as needed after strategy activation). Ethereum's technical trend is generally weaker than Bitcoin's, currently oscillating within a range. A breakout in either direction could indicate continuation. Short-term reference is the 2400-2200 range. See short-term suggestions. Ethereum short-term suggestion: Short at 2370, Long at 2240 (Take profits as needed after strategy activation). —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!
Yueying: Bitcoin and Ethereum Market Analysis (April 21st) - Previous High Unlikely to Continue Trading (with Latest Short-Term Suggestions)
2026-04-21 13:16:05
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