4.8 Zhang Lihui: Is Bitcoin bottoming out and rebounding? Bullish reversal or continuing to break new lows? Today's (BTC) market analysis and trading reference!

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9 hours ago

Zhang Lihui edited on April 8, Beijing time at 3:56 AM: Today's Bitcoin market analysis and trading suggestions:

Bitcoin has continuously broken through the daily MA300 and MA380 support lines during the day, directly sliding to the 74,500 position, and even experienced a 6,000-point reversal in the evening. This wave has undoubtedly caught the bears off guard. The daily candlestick has once again formed a pin bar. For such a volatile market, it is clear that the market makers are deliberately shaking out positions. For investors, this highlights the importance of having stop-loss orders in trading! It can be seen that the candlestick continues to be blocked by the daily midline and the EMA300 range. Currently, there is an intention to stabilize at the MA300 position, but the lower bound has already touched the MA300. It depends on whether the closing can successfully stabilize at this position, forming a double-line support, then long positions can be considered for further holding! On the upside, one needs to consider re-entering short positions after a second attempt to break through the EMA300 and midline range fails; if the daily closing does not stabilize at this position, the candlestick will test the MA380 (75,800) again or even lower!

In the 4-hour chart, the candlestick formed a long upper shadow after approaching the EMA30, and the candlestick has also fallen below the midline position. Although the lower Bollinger Band has narrowed, it still hasn't risen above yesterday's low, so the possibility of the market testing lower points again cannot be ruled out. Currently, the EMA30 above the candlestick is also continuing to decline and is about to fall below the rebound high, with the upper pressure still showing strong resistance. Therefore, it can also be considered to continue to lightly short some positions around the midline. Lihui believes that since the downward space has broken, the probability of a second bottoming out is still very high;

Suggested short entry point one: above 79,200, stop loss at 79,900, based on: 4-hour midline and EMA15 short-term resistance; Suggested short entry point two: above 81,000, stop loss at 81,700, based on: 4-hour EMA30 and last night's rebound high to short, to prevent a second upward test failure!

Short target one: 78,300, based on: daily MA300 position; Short target two: 77,000, based on: approaching the 1-hour lower bound position; Short target three: 75,800, based on: daily MA380 position;

Suggested long entry point one: below 77,000, stop loss below 76,500, based on: 1-hour lower bound support entry;

Suggested long entry point two: below 75,800, stop loss below 74,500, based on: MA380 second position support entry, exit before breaking the previous low and wait for the market to settle before considering trying long; Long entry opportunities need to be adjusted based on real-time market changes, please pay attention to Lihui's real-time notifications!

Long target two: 79,000, based on: 4-hour midline position;

Long target three: 80,600, based on: daily EMA300 position;

Long target four: 82,000, based on: breaking through last night's rebound high will approach the daily midline position.

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, based on real-time notifications. The suggested points in the article are for reference only; please do not operate with heavy positions. When entering, please set take profit and stop loss, and take profits when favorable! The article is not easy to produce, shared for free with fans, thank you for your likes and shares!

I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. Friends who are not familiar with trading are welcome to comment and leave messages!

Scan below to follow Lihui for more cryptocurrency operation information!

This article is exclusively published by (public account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges, and willing to explore. Just as "the road is long and has no ending, yet high and low I'll search with my will unbending," I hope we keep pace with the times, absorb wisdom, travel thousands of miles, experience storms, and gain insights into life.

May you, under Lihui's guidance, leverage strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold on to our beliefs, forge ahead, and jointly compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey full of challenges and opportunities!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, thank you for reading.

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