BTC market analysis:
BTC: Bitcoin experienced sufficient adjustments yesterday and is currently trying to test 71,000 again. In addition, the market share is also continuing to rise. With the approval of the Hong Kong Bitcoin spot ETF imminent, it is expected that most of the domestic funds will flow in and rise.
In the face of the positive news of Bitcoin halving and the approval of Hong Kong ETF, we can think that the current stage is sideways consolidation. If the positive news is confirmed, the upper edge of the box that is blocked in the sideways consolidation may break through, and then a new high may be broken.
The intraday resistance level can refer to 71350 and 72420. Before the price breaks through the first resistance level, 71000 may continue to be tested. Once it rises near the first resistance level, I personally think that 71000 has stabilized, then the possibility of testing a new high will greatly increase.
If it breaks through the high point even briefly above 71,000, I personally do not recommend immediately making long trades. Instead, I would recommend that you first check whether the K-line is stabilized above 71,000.
The first support level can refer to 70500 and 69950. At present, I think the price may pull back to the first support with a high probability during the day. If the backtest fails, the first support will be a favorable entry point for our long orders.
In addition, in today's trading, I will continue to maintain the view of rising prices. However, I do not recommend entering the market during an upward trend, but rather focusing on the strategy of going long again after a pullback.
ETH: After Ethereum rebounded from the double bottom of the daily line, the position of 3800 has not been touched. It is just that the current trend wants to hit the current resistance level. The support level during the day can refer to 3460 and 3500. The upper resistance level can refer to 3650 and 3800.
4.12 Master's short-term pre-buried order:
In yesterday's article, Bitcoin had a short-term long position around 69100-69500. In the evening, Bitcoin fell to a low of 69588. Then it rebounded immediately, and the highest price in the early morning was 70753. The first target of the long order has been reached.
ETH's long orders around 3420-3460 were also missed
BTC：
Long order first entry reference: 70500 second entry reference 69950 target 71000-71350
The first entry position reference for short orders is 71350. The second entry position reference is 72420. The target is 70500-69950.
ETH：
Long order first entry point reference: 3500 Second entry point reference 3460 Target 3560-3650
The first entry point for short orders is 3650, and the target is 3580-3460.
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