Today is April 13th, Sunday, a weekend market. Let's take a look at today's market trends. From the perspective of the current daily chart closing, there is still an opportunity for an upward trend. The 12-hour chart also shows an upward opportunity. Currently, the two-hour and shorter cycles are showing a top divergence that needs to be corrected. The position to watch now is the high hanging restoration, and the key point to note is the position of high hanging restoration, which is essentially at 83,600. We set the target at around 84,400 for taking profits. Below that position, we can still consider going long, and once the decline stops, we can still enter long positions.

For Ethereum, the first position we need to observe is the breakout of the 1,580-1,590 range, with a take profit at 1,593. Below that, we can see the position at 1,550, which also has the potential for high hanging restoration, similar to Bitcoin. The opportunity for high hanging restoration is at 1,550, so we need to pay attention to the stop decline situation at this position.

Wherever the decline stops, there is still an opportunity for an upward trend. From the perspective of the weekly chart of Bitcoin, there is still a chance to surge to 88,000. Therefore, if the daily chart stops declining today, we can consider entering long positions. However, we are still looking bearish in the near term, expecting a correction, and the indicators below two hours still need to be repaired.

If you are unsure about your positions, follow the public account: KK Strategy

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