Yueying: Bitcoin and Ethereum Market Analysis (April 18-19): Price Surge and Retreat – Is the Rally Over? Weekend Brief Review and Short-Term Strategy

Bitcoin's daily chart shows a pullback after testing the upper Bollinger Band, resulting in a wick-like candlestick. Intraday opening saw a volatile decline. The Bollinger Bands are widening upwards, short-term moving averages are trending upwards, the MACD fast and slow lines are extending upwards, and the volume bars are fluctuating between increasing and decreasing volume. The KDJ lines are converging and trending downwards; watch for resistance around the 100 level. The VR indicator is consolidating around the 110 level. On the 4-hour chart, the price broke through the short-term high but failed to sustain the upward momentum. The price has seen five consecutive bearish candlesticks and is currently trading above the middle Bollinger Band. The Bollinger Bands show signs of narrowing and flattening, short-term moving averages are slightly upwards, the MACD fast and slow lines have crossed downwards, and the volume bars are turning green with increasing volume. The KDJ is trending downwards; watch for support around the 0 level. The VR indicator is consolidating around the 160 level. Overall, the price action saw a rise followed by a pullback, which was expected. Previous articles emphasized the importance of watching the weekly middle Bollinger Band as a major dividing line, and the price is currently touching that level before pulling back. The market is expected to trade within a range over the weekend. Short-term resistance is around 77000, and support is around 74300. Short-term entry points are within this range; wait for next week's market developments. Here are some short-term trading suggestions. Bitcoin short-term suggestion: Short at 76800, Long at 74800 (Take profits as needed after strategy activation). Ethereum's daily and 4-hour technical charts are generally aligned with Bitcoin's and can be used for reference only. The short-term resistance level to watch is around 2450, and the support level is around 2250. Ethereum short-term suggestion: Short at 2415, Long at 2290 (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!