Market laws, twists and turns, reincarnation, internal cultivation, external practice, the road ahead is long. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave to try. Different attitudes towards life yield different results. Without great ambitions, even with help from influential people, one will ultimately achieve little. Countless difficulties are not insurmountable; the success story of an investor is actually a history of learning and growth. The journey may be arduous, but don't forget the original intention, and you will eventually succeed.

2024.5.4 BTC————————

The rebound short position layout of Bitcoin yesterday resulted in liquidation, and it seems that the resistance at the 61500 level will be forcefully broken through in the future. After the price touched the 63300 resistance level in the morning, a pullback began. There is support from the moving average near 63300 on the daily chart. For a continued upward movement, the price must stabilize in the 61500-61800 range during the subsequent retracement. In the case of an upward movement, a large volume of trading is needed to sustain the bullish trend. Therefore, on the daily chart, attention should be paid to the strength of the breakthrough at 63700. In the short term, the support near 62100 should be noted on the four-hour chart. The overall volume has been rising for a long time on the four-hour chart, so extra attention is needed for the upcoming pullback. After the short-term divergence repair on the hourly chart, if the price diverges again, it proves that there is a very strong support at the bottom. For aggressive short-term operations within the day, a short position can be taken at the 63000 level, with defense at 63700. In summary, it is suggested to take an aggressive short position on Bitcoin in the future rebound.

Pending orders:

63000-63300, defense at 300 points, target 800-1500 points

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

2024.5.4 ETH————————

There is no strong follow-up sentiment on the daily chart of Ethereum. The price has already reached the position of the short position layout from yesterday, so it is suggested to take an aggressive short position at the current price of 3120. The first resistance on the daily chart is at 3150, and the second resistance within the day is at 3190, so it is suggested to defend above 3190. On the four-hour chart, the Bollinger Bands are running open, and the MACD is running with a second bullish volume. The high-level suppression should be noted around 3180. The support strength for the short-term bottom reversal is formed between 3050-3080 on the hourly chart. The KDJ three lines show a soft divergence downward, and the MACD bullish trend shows signs of shrinking volume, indicating a high rebound followed by a fall on the hourly chart. In summary, it is suggested to take an aggressive short position on Ethereum in the future rebound.

Pending orders:

Short at current price 3120-3150, defense at 50 points, target above 80 points

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

This article is exclusively written by senior analyst Qin Chuan. He has been researching in the investment field of Bitcoin, Ethereum, contracts, spot, gold, forex, stocks for many years, and currently mainly guides contract operations. He has a solid theoretical foundation and practical experience, excels in technical and fundamental analysis, emphasizes on capital management and risk control, and has a steady and decisive operating style. He is recognized by many investment friends for his amiable and responsible character and decisive operations. For more real-time investment strategies, trading techniques, operation skills, and candlestick knowledge, please follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Trading based on this carries its own risks, and caution is advised when entering the market.

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