Morning news:

According to news on April 7, MicroStrategy CEO Michael Saylor stated that Bitcoin will inevitably become a potential store of value asset that can move on the global mobile payment track while supporting fiat currencies. If the United States does not take action, China may dominate the cryptocurrency field. In order to avoid this situation, American entities need to accept Bitcoin and its ability as a basic asset layer

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BTC market analysis:

Yesterday, Bitcoin was under pressure at 59,500 and went out of more than a thousand points of correction. The subsequent market entered a consolidation. The price went up in the evening and failed. The intraday support point moved down to the 57400 line. So far, since the market has not broken the position, although the trend is biased to the upside, the operation It is not recommended to blindly chase the rise in the last day, and beware of the market's callback support again.

On the daily-level chart, yesterday's price line ended, the price did not rise above 60,000 as expected, and the market carrier callback entered a high consolidation. At present, the long and short sides are still in a stalemate situation. The upper five- and ten-day moving averages are at 58500. The formation of a repression zone, if it can break through and stabilize in the day, the price is expected to further rise to test the 59,500 repression level yesterday. Place support to the 57100 line, the intraday callback did not fall below this area, the short-term trend is still upward.

Looking at the short-term hourly chart, the Bollinger Bands are in an open posture. Because of the strong pullback yesterday, the market moved in the middle and lower rail area. The upper middle rail was suppressed and slowly moved down. The price rebound was not strong in the day, and the low position retreated to 57600. The overall market tended to fluctuate. , So the operation is recommended to be high and low.

BTC morning strategy:

1. The price has stepped back to the position of 57400 and more orders enter the market, stop loss at 57100, and stop profit at 57900-58200

2. The price rebounds with an empty order near the position of 58500 to enter the market, stop loss at 58700, take profit at 58000-57700

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ETH market analysis:

The trend of Ethereum yesterday was basically similar to that of the broader market. The high position was under pressure near 2150 and the subsequent rebound was blocked at the 2130 line. After many trials in the evening, the market fell below the 2080 line, and the low level retreated to the 2045 position before it came out of the rebound. By the end of the day, the market is still biased towards the upside, with strong repair efforts for the bulls. The current price is operating near the 2110 position, and the upward trend is under pressure at 2130. If the market can break through and stabilize the 2130 position in the day, the price is expected to break through the historical high of 2150.

Looking at the short-term four-hour chart, the Bollinger Band is closing, and the price has risen several times and is under pressure at the 2130 line. It can be seen that there is selling pressure in this area, and there is a risk of callback when the price is touched. Therefore, it is not recommended to blindly before breaking the position. The key short-term support line is 2070, and the short-term upward pattern remains unchanged within the day without breaking below.

ETH strategy:

1. The price has stepped back to the position near 2085 and enters the market with more orders, stop loss is 2070, and stop profit is 2115-2125

2. Consider short-term price rebound near the 2130 position, stop loss at 2140, take profit near the 2100 position

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!