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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 2, 9:54 AM Beijing Time

Market Information

1. U.S. senators will reintroduce the cryptocurrency retirement bill, promoting the "crypto president" Trump's agenda;
2. U.S. lawmakers will submit a bill again allowing retirement accounts to allocate cryptocurrency assets, supporting Trump's policy agenda;
3. A bill authorizing the Texas State Auditor to invest $250 million in Bitcoin has entered the committee review stage;
4. Irkutsk region in Russia may implement a year-round cryptocurrency mining ban starting April 1;
5. The U.S. government is expected to complete a comprehensive audit of its Bitcoin and other cryptocurrency holdings by April 5;

Market Review

Yesterday, Bitcoin closed with a bullish doji near the daily support level. We suggested directly going long. Last night, after a rebound during the day, Bitcoin experienced a quick pullback before rising again, with the pullback point at 82505, almost returning to our entry position. As of now, the peak of the rise is at 85595, with long positions nearing a profit of 3000 points. Although there is still room above during the day, those who wish to exit can do so. Ethereum's long position near 1830 yesterday reached a peak of 1927. Ethereum's upward momentum is not as strong as Bitcoin's, but it still yielded nearly a hundred points in profit. Although it did not reach the target range above 1970, it can also be exited at your discretion. Congratulations to friends who followed the author's strategy for a small profit. Moving forward, attention should be paid to the pressure above after the rise;

Market Analysis

BTC:

Looking at the 4-hour chart, Bitcoin's recent rise has not yet reached its target. It is currently above the 200-day moving average, with the upper pressure range at 85900-87100, leaving some room. When the price approaches 87, attention should be paid to whether it can break through and stabilize. The 4-hour chart has been in a prolonged consolidation phase, which is also a dense pressure zone for positions, and a breakout will require some strength. If a doji or long upper shadow forms near 87 on the 4-hour chart, a short position can be opened. If not, it is advisable to remain cautious. Those who have not exited their long positions near 82600 can choose to exit at their discretion. For those who wish to hold until the 58900-87000 range, consider moving the stop-loss as positions are reduced. There is still a bit of room above during the day, so manage your entry opportunities; short-term trading requires risk control, and profits and losses are self-managed;

ETH:

Looking at the 4-hour chart, Ethereum's overall trend is still a bit weak, with the 200-day moving average acting as resistance. This rebound has not reached the 1970-2030 range, but since Bitcoin still has some room above, Ethereum will also follow to some extent. The pressure for Ethereum remains at the 1970-2030 range. If it reaches this level without an effective breakout, a short position can be considered based on the closing price. Those who have not exited their long positions near 1830 can choose to exit at their discretion. For those who wish to hold above 1970, consider reducing positions and moving the stop-loss. Manage your entry opportunities; short-term trading requires risk control, and profits and losses are self-managed;

In summary:

Both Bitcoin and Ethereum still have rebound space in the short term, focusing on breaking the pressure above;

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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