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

Article editing time: 00:10 am, April 26, 2022At present, due to concerns about the economic outlook and the US debt ceiling, US debt has dropped significantly, which has had a certain impact on US stocks. The trend of the US equity week still needs to focus on the first half of the week's technology stock financial reports, as well as the second half of the week's GDP and PCE data

Article editing time: 00:10 am, April 26, 2022

At present, due to concerns about the economic outlook and the US debt ceiling, US debt has dropped significantly, which has had a certain impact on US stocks. The trend of the US equity week still needs to focus on the first half of the week's technology stock financial reports, as well as the second half of the week's GDP and PCE data. Starting tonight, Microsoft will release financial reports, which will have a significant impact on the Nasdaq. Therefore, this week's volatility will also be reflected from tonight. At present, the market is not optimistic about macro data expectations. The risk capital of the United States is mainly focused on hedging, which is unfavorable for the currency circle. We should view risks rationally and prioritize avoidance.

According to on chain data, the holdings of long-term Bitcoin holders have increased, but the pessimism of short-term chips has not diminished, leading to a certain degree of selling pressure. Furthermore, we were unable to observe any more takers. Perhaps more investors are waiting for a strong support level near 26500. Coin masters believe that Bitcoin should not fall too deeply, as long-term holders are increasing and increasing their holdings of large funds.

As of the deadline for submission, the high point of Da Bing is around 27590 and the low point is around 27192. In the early morning, Big Cake made a downward dive to test the 27000 line, but did not effectively fall below it. Subsequently, the market fluctuated slightly. The current trend of Big Cake is still relatively stable, and it is in the process of adjusting its selection direction. In the short term, it is still necessary to continue to pay attention to the support of the 26500 line below the box in the early stage. This level is not below, and can enter or increase positions in the medium to long term.

The daily line level is still in a downward trend, with parallel operation of the Bollinger belt, supported by the Bollinger lower track 26500, and the MACD continues to increase in volume. The 4-hour level is suppressed by the MA30 daily line, and the Bollinger belt is in the convergence point. The MCAD shows a bottom deviation due to the suppression of the Bollinger mid rail 27500. Overall, there is a demand for a rebound in the short term for large pancakes. If the rebound does not exceed 27800, it will still continue to decline. In terms of operation, those who are stable will mainly wait and see, while those who are radical can rebound short.

Below, focus on the support of 26500-26700, and above, focus on the pressure of 28000-27800. Suggest short positions near 27600, with a stop loss above 27900 and a target of 27200-27000. Short positions near 26600, stop loss below 26300, targeting 26900-27300. The market is constantly changing, and the specific operations are mainly based on real-time strategies.

Ethereum has reached a high point of around 1850 and a low point of around 1800 before publication. The recent withdrawal volume of Ethereum has continued to exceed the pledge volume, and some whale tycoons have also shown signs of fleeing, leading to a weaker trend in Ethereum compared to pancakes. After the US stock market opened in the evening, it fell sharply, and the US dollar continued to strengthen. The Ethereum linked the US stock market out of a downward trend, testing the 1800 line. If this position cannot be held, it will be looked down at the 1700 line.

The daily level continues to weaken, with a downward trend in Bollinger, suppressed by Bollinger's mid rail 1940, and MCAD continues to increase volume. The 4-hour level is in a downward trend, and the Bollinger belt is at the convergence point. Supported by the Bollinger lower track 1800, MCAD deviates. The short-term Ethereum is expected to continue to maintain a weak trend, with a rebound in operation being the main bearish trend.

Focus on the 1780-1800 support below and the 1830-1850 pressure above. Suggest short positions near 1840 and placing stop losses above 1870, with a target of 1820-1800. Short position near 1790, stop loss below 1760, targeting 1810-1830. The market is constantly changing, and the specific operations are mainly based on real-time strategies.

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