Gu Jingci: Bitcoin/Ethereum Morning Trading Strategy with Market Analysis (April 6th)
After consolidating for two days over the weekend, Bitcoin and Ethereum surged again in early trading, reaching highs of around 69,600 and 2,134 respectively, representing a relatively large overall increase. However, the price action encountered resistance and retreated after touching previous daily highs of 69,500-70,000 and 2,150-2,170. The short-term rise was driven by news and lacked substantial positive news; the overall trend remains one of rising and then falling back. The 4-hour chart shows two recent large bullish candles accompanied by significant volume, indicating strong bullish momentum. However, attention should be paid to the resistance at the daily high of 2,167 and the psychological level of 70,000. While there has been some rebound, the price has not yet broken out of the consolidation pattern. Technically, the daily price is trading within a descending wedge or bottoming pattern. The MACD histogram shows signs of shortening, and the RSI has rebounded from oversold territory to around 40, indicating potential for a rebound. The daily candlestick chart shows that the price has successfully recovered some of the losses, but it remains below the 20-day moving average (MA20), with short-term moving averages providing resistance. The MACD histogram continues to expand, and the DIF line has crossed above the DEA line to form a golden cross, but the volume is insufficient, suggesting a rebound rather than a reversal. The four-hour candlestick chart is in a narrow trading range. Early morning trading suggestions: Short Bitcoin around 69000-69500, with a target of 66000-67000; Short Ethereum around 2120-2140, with a target of 2000-2050. We're here every day, not to prove a high win rate, but simply to let you know that our team is always present, monitoring the market 24/7, professional and reliable. Analysis and strategies are for reference only; please bear your own risks. Article review and publication are not timely; please refer to real-time updates.