BTC 1-hour Chart:

In the 1-hour timeframe, the current instability in the Middle East due to the news from Israel has temporarily pushed Bitcoin below $60,000 and caused a rebound. The market is experiencing price fluctuations due to the Middle East issues, and with the upcoming halving day, it is expected that the volatility will further increase.

Bitcoin has rebounded slightly, and the chart shows it near the downtrend on the 4-hour chart. Currently, it seems that, rather than further decline, there is a tendency for a short-term rebound followed by another decline.

The first resistance level to watch for intraday is $62,000, and the second resistance level is $62,430. Once the market breaks through the first resistance level, it is expected to stabilize at a higher low point and may rebound towards the second resistance level. However, given the current unfavorable situation, for short-term trading, it is advisable to secure profits first and adopt a conservative trading strategy to cope with price fluctuations.

The first support level to watch for intraday is $61,000, and the second support level is $60,500. Since the first support level is the current low point, if the price continues to fall below it, it increases the possibility of further decline.

To sustain the rebound, the price level needs to be maintained. The second support level can be seen as a short-term buying opportunity intraday, while also setting a reasonably tight stop-loss.

In today's trading, it is recommended to maintain the view of a short-term rebound. After the subsequent rise, we can observe the increase or decrease in trading volume to find trading opportunities within the adjustment range.

Furthermore, in the current situation with both favorable and unfavorable factors, it is suggested to engage in short-term trading rather than long-term holding. In the event of a sharp decline, attention can be paid to the low points of the candlestick chart and considered as an opportunity for long positions, while also anticipating greater profits.

4.19 Short-term Pre-set Orders by Master Chen:

In yesterday's article, the entry points for long positions were between $61,650 and $61,000. The market price dropped to around $60,800 yesterday afternoon, then rose all the way to $64,132 in the evening. Congratulations to friends who followed the long position layout. Additionally, the first and second entry points for short positions both unfortunately resulted in stop-loss, indicating the strong bullish market.

BTC:

Reference for the first entry point for long positions: $61,000, and the second entry point is $60,500. Target: $61,700-$62,430.

Reference for the first entry point for short positions: $61,700, and the second entry point is $62,430. Target: $61,000-$60,500.

This article is exclusively planned and published by Master Chen (WeChat public account: 币神师爷陈). If you need to learn more about real-time investment strategies, how to get out of a predicament, spot contract trading techniques, operational skills, as well as candlestick knowledge, you can add Master Chen for learning and communication. Hopefully, it can help you find what you want in the cryptocurrency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates on macro analysis articles across the web, technical indicator analysis of mainstream coins and altcoins, and spot mid-to-long-term replay price forecast videos.

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