Yueying: Bitcoin and Ethereum Market Analysis (April 27th) - The pattern remains unchanged; could it reach 85,000 this week? (Latest trend strategy attached)
The short position in Bitcoin, as mentioned above, has moved within a range of approximately $2000. Looking at the daily chart, the price remains within an upward channel, with the previous candlestick closing positive. Intraday, the price opened and rallied to the previous high, which was also the upper Bollinger Band, before encountering resistance and pulling back. The Bollinger Bands are widening upwards, and short-term moving averages are trending upwards. The MACD fast and slow lines are turning downwards, with the volume bars showing a continuous decrease. The KDJ indicator has turned downwards and is converging; pay attention to the support around the 50 level. The VR indicator is consolidating around the 190 level. On the four-hour chart, the price broke through the upper Bollinger Band but failed to stabilize. The candlestick closed with a wick, indicating a shakeout, and fell back below the middle Bollinger Band. The Bollinger Bands are flattening, and short-term moving averages are parallel. The MACD fast and slow lines are showing signs of convergence downwards with decreasing volume bars. The KDJ is crossing downwards; pay attention to the resistance around the 100 level. The VR indicator is consolidating around the 60 level. Overall, the market structure remains unchanged. Based on the current pattern, every subsequent break of the previous high should be watched for a potential pullback. Although the weekly chart successfully closed positive and broke through the middle Bollinger Band, it's important to watch whether the middle Bollinger Band can provide support. In the short term, pay attention to the resistance below the 80,000 level. The initial support level is around 76,500; if this level breaks, then watch for support around 75,000. Use resistance and support as a guide for short-term entry. Be cautious with any new highs in the short term. See short-term suggestions. Bitcoin short-term suggestion: Short at 79,800, Long at 77,000 (Take profits as needed). Ethereum's short strategy mentioned above has resulted in a move of about 80 dollars. Looking at the four-hour chart, the price touched 2400 again and encountered resistance, declining downwards. The intraday candlestick broke below the middle Bollinger Band and the 60-day moving average. The overall technical trend should be referenced in conjunction with Bitcoin. The short-term resistance is around 2450, and the support is around 2250. See short-term suggestions. Ethereum short-term suggestion: Short at 2430, Long at 2280 (Click the image to see the homepage introduction for more coin analysis). —I am Zhou Yueying.