4.20 Bitcoin / Altcoin



Bitcoin current situation: Price around 73,600 has rebounded from a low and is now flat. The daily bullish structure remains intact but momentum is waning, which is a normal correction. Support zones at 73,500-73,000 hold, and as long as they do not break, the bullish trend persists. The short-term strong resistance is at 76,000.

Short cycle: 4H is in a sideways correction, 1H is consolidating and gathering strength. Only above 74,800 can there be further rebound space; breaking below 73,600 suggests a move down to 73,000.

Bitcoin strategy (mainly shorting high, supporting with long positions):

· Short around 75,000, stop at 76,200, watch 73,600/73,000
· Long around 73,400, stop at 72,200, watch 74,500/75,200

Altcoin strategy:

· Short around 2,290, stop at 2,340, watch 2,235
· Long around 2,225, stop at 2,180, watch 2,290
BTC-0,52%
ETH-0,42%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin