4.20 Bitcoin (BTC) Ethereum (ETH) Latest Market Analysis and Trading Strategy

The article was edited at 0:30 am on March 20th, 2022. I hope it can help everyone!As of the deadline for submission, the high point of Da Bing is around 30413 and the low point is around 29000

The article was edited at 0:30 am on March 20th, 2022. I hope it can help everyone!

As of the deadline for submission, the high point of Da Bing is around 30413 and the low point is around 29000. The big cake fell after being blocked from reaching 31000, and both attempts to test the 29000 level failed. On Wednesday afternoon, the largest intraday decline since April was achieved. From the perspective of the macro cycle, driven by the long-term upward trend line, the bull structure in this round continued to develop. This is an important trend line to maintain the stability of the bull structure, as well as the support of the upper edge of the box at 28800 in the early stage. If there is no break here, the next trend is likely to be high and wide range oscillation.

The deviation at the daily line level ends, and the Bollinger belt runs upwards, supported by the Bollinger medium rail 29000, and the MACD begins to release. The 4-hour level Bollinger belt began to run downwards, suppressed by the 29900 Bollinger upper rail, and the KDJ dead fork emitted downwards. In recent days, the ups and downs have reached 1000 points every day, repeatedly washing chips around 30000, with a short-term limit of no more than 29000. In terms of operation, you can sell high and buy low in the box.

Below, focus on the support of 28800-29000, and above, focus on the pressure of 31000-31200. It is recommended to take a long position in a light position near 29000, with a stop loss below 28700 and a target of 29600-30300. Short light positions near 30600, stop loss above 31000, targeting 30000-29500. The market is constantly changing, and the specific operations are mainly based on real-time strategies.

Ethereum has reached a high point of around 2104 and a low point of around 1962 before publication. After hitting around 2141 last week, it began to fluctuate at a high level. Today, it plummeted by a wave of 6%, with a stronger downward force than the pancake. With the increasing number of pledged Ethereum being lifted, the risk of selling is still coming. Currently, the short-term trend of Ethereum is weakening, and it is uncertain whether to test the support of the 1900 level in the short term. If this level does not break, Ethereum is expected to rise again.

The daily level began to show a bottom deviation, and the Bollinger belt began to move upwards. Supported by Brin's lower rail 1920. The 4-hour level K line broke through the Bolin lower rail, and was suppressed by the Bolin lower rail 2000, causing MCAD to go down in volume. On the operation, the short-term rebound is empty, with a focus on 1900 1920 support below and 2050 2070 pressure above. Suggest short positions near 2050 and placing stop losses above 2080, with a target of 2020 to 1960. Short positions near 1930, with stop losses below 1900, targeting 1980 to 2030. The market is constantly changing, and the specific operations are mainly based on real-time strategies.

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