Preface: Investment carries risks, and operations should be conducted with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, and you are welcome to read!
Article writing time: April 14, 16:13 Beijing time
Market Information
- Eric Trump: Bitcoin is one of the most valuable storage methods, with instant liquidity;
- A U.S. Democratic senator proposed setting emission limits for cryptocurrency mining and AI data centers;
- Argentina's plan to end currency controls has caused significant fluctuations in the local stablecoin market;
- The Executive Director of the White House President's Digital Asset Working Group: We need to accumulate Bitcoin as soon as possible before it becomes more expensive;
- The Bank of England and the Financial Conduct Authority are developing a regulatory framework to ensure stablecoins remain stable and mitigate potential financial threats;
Market Review
On Friday, it was suggested that Bitcoin can continue to be held, with the long position entry point around 79,000 after averaging down. The weekend peak was at 86,100, and the target reached the expected range of 83,000-85,000, with long position profits of 4,000-6,000 points. The highest point for Ethereum was 1,688, with a maximum profit of only about 100 points, currently around 80 points profit. The upward momentum for Ethereum is too weak, and those holding long positions can consider exiting. Short-term focus on Bitcoin's resistance around 86,700 for breakout conditions;
Market Analysis
Bitcoin:
From the daily chart, although Bitcoin has rebounded, there is significant resistance above, including the 200-day moving average and the previous short-term high of 88,750. Currently, Bitcoin has not continued its rebound after reaching this area. In the short term, focus on the resistance around 86,700. In trading, consider taking a short position first, with a recommended entry point around 85,000, averaging down at 86, stop loss at 87, and target the range of 78,900-78,000. Manage your entry opportunities; short-term trading, control risks, and manage your own profits and losses;
Ethereum:
From the daily chart, Ethereum's previous decline followed by a weak rebound. Now, with Bitcoin facing resistance above, the chances for Ethereum to continue rebounding are low. In trading, follow Bitcoin's downward movement, with a recommended entry point around 1,640, stop loss at 1,740, and target the range of 1,500-1,400. Manage your entry opportunities; short-term trading, control risks, and manage your own profits and losses;
In summary:
Both Bitcoin and Ethereum face resistance above, and it is advisable to take short positions first;
The article is time-sensitive, be aware of risks, and the above is only personal advice for reference!
Follow the WeChat public account "Crypto Lao Zhao" to discuss the market together;
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