Bitcoin returns to the upward rhythm, short-term market has a callback demand

Today's news:

According to news on April 6, La La Anthony, an American TV personality, New York Times best-selling author, businessman, producer and actor, stated that she firmly believes that Bitcoin will become a mainstream and legal currency and that the world will eventually use it instead Legal currency and credit cards. She also believes that given that BTC has "greater upside", it is safer than gold

BTC market analysis:

Bitcoin returned to the daily line yesterday. The key support was not broken. The follow-up was a strong rebound and broke the previous suppression of 58500. The current high is back to the area above 59,000. The bullish sentiment has begun to pick up and the market has begun to move upward. The price is expected to hit the 60,000 mark in the day. , I hope you can prepare well in advance.

On the daily-level chart, the price ended yesterday, and the market broke out of the upward trend. The current price is running near the five-day attack line, and the low position is stepping back near the ten-day defensive line. The overall situation has improved compared with the previous few days. The rail support is slowly moving up. As long as the callback does not fall below the 57,000 line in the subsequent days, the upward trend will not change in a short period of time.

Looking at the short-term hourly chart, the market went back to the upside yesterday, and the trend returned to the upper-middle track area. The current high touched the position of 59328 and was under pressure. The price went out of the day and entered a high consolidation. The short-term market sentiment was relatively sluggish. , But the overall market is still upward. Therefore, in terms of operation, it is recommended that all currency friends still take long orders in the day, and empty orders as supplementary. Below support is concerned about the 58000 line.

BTC strategy:

1. The price has stepped back to the position of 58100 and more orders enter the market, stop loss at 57750, take profit at 58600-58900

2. The price touches the position of 57300 near the position to cover long positions, stop loss 57000, take profit look at 58000-58300

3. The price rebounded near the position of 59200 to enter the market with an empty order, stop loss at 59500, take profit at 58700-58500

ETH market analysis:

After the Ethereum market stepped back on the 2000 mark yesterday, the price rebounded strongly, and the trend continued to rise in the evening. The market also broke through and returned to the area above 2100, and the overall bullish sentiment rebounded. The current price in the day is near the 2115 position, and the high level touches the 2130 line to be under pressure. It can be seen that although the market is up, there is still some suppression in the 2130-2150 area. It is not recommended that you blindly chase the rise before breaking the position.

On the short-term hourly chart, the market has returned to the upper-middle area. The current low level has reached the 2088 position and rebounded. However, the supply of longs is insufficient, and long shadows appear frequently above. The attached Stoch and RSI are hooked down, and the short-term trend has a callback. The signal is given, so the operation is not recommended to blindly chase the rise, and the risk of doing long steadily callbacks is lower. Below support is concerned about the 2080 line.

ETH strategy:

1. The price has stepped back to the position near 2080 and multiple orders enter the market, stop loss at 2065, and stop profit near the 2120 position.

2. The price touches the position near 2050 to cover long positions, stop loss at 2030, and stop profit at the top of 2090

3. The price rebounds near the position of 2130 and the empty order enters the market, the stop loss is 2150, and the stop profit is near the position of 2090.

Pointing is time-sensitive, and the post is delayed, so please refer to the real-time market for details. For details, please consult the author Chu Chu. Again, to do a good job of risk control, no matter how high you are in your judgment of the future market, you must take profit and stop loss well!