Zhao Qinchuan: Bulls are aggressively taking the initiative and following the trend, while being cautious and mainly focusing on selling high.

CN
1 year ago

Market laws, twists and turns, the cycle of reincarnation, inner cultivation, external practice, the road ahead is long and arduous. Doubt can filter risks, but it can also lead to missed opportunities. To seize opportunities, one must be brave enough to try. Different attitudes towards life yield different results. Without lofty ambitions, even with the help of influential figures, one will ultimately achieve little. Countless difficulties are not insurmountable obstacles; the success story of an investor is essentially a history of learning and growth. Through hardships, one must not forget their original intentions to achieve lasting success.

2024.4.21 BTC————————

The layout of the buried orders yesterday was not ideal, this needs to be mentioned in advance. With the price stabilizing above 63600 on the daily chart, the short-term focus on the daily level is the strength of the uptrend. There is a high probability that the price will test the resistance at the high point of 67300-67500, so it is suggested to focus on selling high and buying low between 63600-67300 on the weekend. On the short-term four-hour chart, the Bollinger Bands are opening upwards, and the price is running within an upward channel. The support level is around 63500, but as time progresses, the support will inevitably move higher. After the second surge of the MACD, it is suggested to pay attention to the psychological barrier at 64000 when the price retraces.

On the hourly chart, after breaking through the W double bottom pressure at 64300, a new round of uptrend has started. The resistance at the previous high of 65400 on the left side is still effective, and the support on the hourly chart is between 64300-64500. In summary, it is suggested to aggressively buy on the weekend during the pullback and take a cautious approach to shorting at high levels.

Buried orders:

Short at 67300-67500, with a 500-point stop loss, target above 600-800 points

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

2024.4.21 ETH————————

On the daily chart, the current price of Ethereum is above 3080. In the short term, attention should be paid to the upward momentum, but it does not necessarily indicate a bullish trend. It needs to break through the resistance at 3350-3380 to completely turn bullish. Therefore, it is suggested to cautiously short on the daily chart during a stable rebound, and aggressively consider buying at around 3350. After a strong surge in the four-hour chart, the price is focused on the support level at 3080 after the top-to-bottom conversion. 3180 is not expected to be a resistance level for the uptrend in the short term, so caution is advised when shorting at this level. It is suggested to pay attention to the resistance at 3220 on the four-hour chart. On the hourly chart, the price is running within an upward channel, and the support has moved up to around 3100. With the Bollinger Bands opening widely, there is a possibility of further upward momentum after successfully finding support during a price retracement. It is suggested to focus on the short-term support at 3080-3100. In summary, it is suggested to aggressively buy on the pullback for Ethereum and take a cautious approach to shorting during a stable rebound.

Buried orders:

Short at 3350-3380, with a 50-point stop loss, target above 80-120 points

(The strategy can only be used once, and the profit-taking can be arranged at your discretion)

This article is exclusively written by senior analyst Qin Chuan. With years of research in the investment fields of Bitcoin, Ethereum, futures, spot, gold, forex, and stocks, he currently focuses on guiding futures operations. He has a solid theoretical foundation and practical experience, excels in combining technical and fundamental analysis, emphasizes on capital management and risk control, and is known for his steady and decisive operational style. For more real-time investment strategies, trading techniques, operational skills, and knowledge about candlestick charts, follow the public account: Zhao Qin Chuan.

Disclaimer: The above analysis represents the author's personal views and does not constitute specific operational advice. Any operations based on this are at your own risk. Investment carries risks, so be cautious when entering the market.

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