4.19 Zhang Lihui: Entering at the peak of Bitcoin, will the saying "after a long period of sideways movement, a drop is inevitable" be realized again? Today's (BTC) market analysis and trading reference!

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2 days ago

Zhang Lihui edited at 4:51 AM Beijing time on April 19: Today's Bitcoin market analysis and trading suggestions:

Yesterday, Lihui once again encountered the daily MA220 high point pressure, and the short positions laid out in the 85100-85500 range are still being held, with the target having reached the first goal mentioned in the article. Those without patience can choose to take profits. The market has entered a weekend consolidation phase early, and a small range is quite normal; it can be clearly seen that the current market is in a one-hour oscillating downward channel, with continued volume below the zero axis. Although it is not very strong, the bearish sentiment is still continuing to develop, and the fast and slow lines are still struggling to converge, so Lihui believes that the downward space has not yet been exhausted. Currently, we continue to look at the EMA120 and EMA180 (84300-83900) range for a breakout, and it may be considered to hold below the EMA300 (83650) position.

So today, the first resistance level above can be seen at the 4-hour upper track of 85000, with the top pressure looking at the MA380 and EMA300 positions. The bottom support still looks at the EMA120, EMA80, and EMA60 three-line support positions that Lihui has mentioned multiple times, which is also the second target profit-taking position for shorts and a potential entry opportunity for longs. From the fast line's divergence from the slow line, the bearish momentum is relatively stable. Fortunately, it is the weekend; otherwise, the downward space would be very large, and the volume continues to increase below the zero axis. During the day, we need to continue to pay attention to whether the downward speed is fast enough; if the speed is fast enough, we need to adjust the profit-taking position and the long position entry point. We also need to pay attention to whether the daily mid-track can be supported again, guarding against the saying that prolonged consolidation must lead to a significant drop!

Suggested short entry point one: above 85000; target 84500-83500; if it breaks below 83400-83000, it can continue to be held;

Suggested short entry point two: above 86200; add positions at 87100-87500; stop loss at 87800; target 2000-3000 can be adjusted freely!

For longs, we need to continue to look at 83000 and the support from the EMA120, EMA80, and EMA60 three-line support. The weekend market target can be seen as a free profit-taking of 1000-2000 points!

The specific entry opportunities for the above points can be based on Lihui's real-time notifications! The article review and push have delays, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions; when entering, please set stop-loss and take-profit levels, and take profits when they are good! 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 the major trends in the global cryptocurrency market. During my studies in the U.S., I conducted in-depth research on cryptocurrencies such as BTC, ETH, LTC, DOT, EOS, BNB, and SOL. For those who are not familiar with trading, feel free to leave comments!

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This article is exclusively published by (WeChat 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 your 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 glorious 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, and thank you for reading.

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