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🚨4/6 Afternoon BTC/ETH Market Quick Report🚨
🔶 Market Review for Yesterday: The overall market is still weak, with Bitcoin failing to effectively break through the Fibonacci retracement line at 0.318 and directly dropping instead. The short position we provided around 84800 on Friday rebounded to a maximum of about 84686, which is a difference of 114 points from our entry point, and then it directly plunged to the 81624 level. I wonder if anyone entered the market early nearby; if not, then continue to refer to today's levels. For intraday operations, we will look for answers on the chart.
🔶$BTC From the daily chart, the market is still dominated by bearish trends, with dark clouds hovering above. The price has already fallen below the baseline, the conversion line, and the EMA200, with these levels being: 84327~84836~85330. These levels are likely to face resistance.
🔶The current price on the four small timeframes has been suppressed by the cloud and is moving downwards. The upper level of 84836 remains an important resistance level, along with the cloud top near 85000 and the EMA200 resistance around 85590, as well as the SAR resistance near 83790. These points can continue to be referenced for high shorts.
🔶On the hourly chart, it is under pressure from EMA200 and heading downwards. Currently, there are signs of support near the levels of 83200 (baseline) - 82900 (bottom of the bullish cloud). These two positions can be used to place a small long bet! Once it reaches the upper resistance level, entering a short position is also possible. Just remember that the focus for the day is on shorting high.
📉 Refer to the four small time frame charts to participate: enter short positions near 84800~85000~85600, defend at 84800+ (1139.4×1.5)=86509.1 (suggest ➕200 points to prevent false break), target 83800-82900-82400~82000~80900~79500. After reaching the target, reduce positions and continue to look down.
🔶The radicals can consider entering a short position near 83800.
🔶$ETH is currently near the previous resistance level of 1830, which has failed to break through multiple times, and 1852 remains a strong resistance level, along with the cloud top pressure at 1935. The current price is 1805, and there is slight support near 1796.
📉1852~1880~193 5 near, participate in high shorts, defend 1960, target 1796~1765~1709~1616 reach target reduce positions and continue to look down.
🔶Aggressive long position near 1 8 3 0 entry
⚠️The above points have a deviation of ±100 (BTC) and ±5 (ETH). The entry and exit points above are conclusions drawn from the chart patterns and technical indicators, so please adjust them according to your own actual situation. #荣誉积分抽奖,赢MacBook Air和精美周边# #关税政策后市场分析# #近期抄底币种推荐#