Bitcoin's daily chart shows a breakout above the middle Bollinger Band and the 60-day moving average, with intraday opening showing upward volatility. The Bollinger Bands are narrowing, short-term moving averages are slightly upward, the MACD fast and slow lines are crossing upward with increasing volume, the KDJ is extending upward, watch for resistance around the 100 level, and the VR indicator is consolidating around 120. On the 4-hour chart, a large bullish candle is currently trading above the upper Bollinger Band, the Bollinger Bands are widening, short-term moving averages are upward, the MACD fast and slow lines are extending upward with increasing volume, the KDJ is crossing upward, watch for resistance around the 100 level, and the VR indicator is consolidating around 150. Overall, the price has retested the consolidation range and found support. The daily bullish candle broke through the middle Bollinger Band and the 60-day moving average. If it can stabilize, the next resistance level is around 72000; otherwise, it will likely retrace to test the support around 67500. In the short term, pay attention to this range and use support and resistance levels to enter long or short positions. The technical structure remains within a large range; short-term trading should follow the trend, waiting for a clear breakout before adjusting. Short-term trading suggestions: Bitcoin: Short at 71500, Long at 68000 (Take profits as needed after strategy activation). Ethereum's price action from the 2030 level mentioned above has moved approximately 110 dollars. Daily and 4-hour technical charts are the same as Bitcoin's for reference. Short-term resistance is around 2200, and support is around 2050. Ethereum short-term suggestions: Short at 2180, Long at 2060 (Click the image to see the homepage introduction for more cryptocurrency analysis). —I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about trading or trends, feel free to discuss and learn with me! Let's exchange ideas and profit together!
Yueying: Bitcoin and Ethereum Market Analysis (April 6th) - Long Positions Properly Closed with Latest Trend Recommendations
2026-04-06 05:55:48
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