4.9 Zhang Lihui: Is Bitcoin's bearish engulfing pattern signaling a major drop? In-depth analysis of long and short entry points, today's (BTC) market analysis and trading reference!

CN
15 days ago

Zhang Lihui, edited at 2:10 AM Beijing time on April 9: Today's Bitcoin market analysis and trading suggestions:

Yesterday, Bitcoin experienced a second rebound, with the 4-hour EMA30 once again facing downward pressure, breaking through the middle track and approaching the lower track position. It can be seen that the lower track has already risen above the previous day's low. Therefore, when retracing to this position, one can consider continuing to test long positions. The first resistance level above today may continue to be suppressed by the middle track (78200), while the top can continue to consider the current EMA30 (80500) as a key resistance level. As the EMA30 continues to move downward, the high point needs to be adjusted accordingly; however, the Bollinger Bands are maintaining a parallel position, and the market may once again fall into a low-range oscillation!

It was also mentioned yesterday that after the K-line crosses below the MA300 for the second time, it will continue to approach the MA380 position. It can be seen that the daily lower track continues to approach this position, so this area and the 4-hour lower track can be considered as support points for testing long positions. Therefore, the first target for going long can be considered at the intersection of MA300 and the 4-hour middle track, while the second target can consider the EMA300 position, which aligns with the 4-hour EMA300;

Suggested long entry point one: 75900-75300 range, stop loss at 74500 based on: daily MA380 and 4-hour lower track support area; Suggested long entry point two: if the previous low of 74500 is broken, one can continue to wait for the market to dip before considering testing long; entry opportunities need to be adjusted based on real-time market changes, and you can pay attention to Lihui's real-time notifications!

Long target two: 78300, based on: 4-hour middle track position and daily MA300 position;

Long target three: above 80000, based on: daily EMA300 and 4-hour EMA30 range;

Suggested short entry point one: 80000-80500 range, stop loss at 81000, based on: recent rebound high points, there is a possibility of low-range oscillation, and one can choose to short at the oscillation high points;

Short target one: 78300, based on: daily MA300 position and 4-hour middle track position; Short target two: 75800, based on: daily MA380 position; Short target three: 74600, based on: approaching recent low points, if broken, one can continue to hold!

There may be delays in article review and push notifications, and the market changes rapidly. Specific entry opportunities must be combined with real-time operations, and the article's suggested points are for reference only. Please do not operate with heavy positions, and ensure to set take profit and stop loss when entering. Take profits when you see good results! The article is not easy to produce, shared for free with fans, thank you for your likes and support in sharing!

I, Lihui, interpret world economic news and analyze global cryptocurrency trends. During my studies in the U.S., I conducted in-depth research on BTC, ETH, LTC, DOT, EOS, BNB, SOL, and other cryptocurrencies. For those who are not familiar with trading, feel free to comment and leave messages!

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This article is exclusively published by (WeChat Official Account: Zhang Lihui) for reference only, and the risk is borne by the reader. May we remain humble and brave in the complex cryptocurrency world, unafraid of challenges and willing to explore. As the saying goes, "The road is long and has no ending; yet high and low I'll search with my will unbending." I hope we keep pace with the times, absorb wisdom, travel thousands of miles, weather storms, and gain insights into life.

May you, under Lihui's guidance, leverage your strengths and avoid weaknesses, create value, and remember the market's baptism, staying true to your original intention. In the wave of digital currency, may we hold onto our beliefs, forge ahead, and together compose a brilliant future, sharing the joy of success. Let us work hand in hand to create brilliance in this investment journey filled with challenges and opportunities!

Warm reminder: The above content is solely created by the author of the official account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully, and thank you for reading!

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