Mr. Coin in the crypto circle: On April 18, the resistance above Bitcoin has not been broken, and the market is still maintaining a range consolidation. Latest market analysis reference for Bitcoin (BTC) and Ethereum (ETH) today.

CN
6 days ago

Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while trading, summarizing both profits and losses in a timely manner to deepen their understanding of risks and develop the correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

4.18 Mr. Coin's Analysis of Bitcoin (BTC) Market Trends

The intraday market is relatively calm, with overall wide-range fluctuations. The current trend is a pullback after a rise, with the intraday low touching around 83700 and then reversing. After the price tests and is blocked near 85450, the market begins to face downward pressure. On the daily chart, the price remains within the range, with the low touching the support of the 30-day moving average. Currently, the market is testing resistance at the 60-day moving average, and the overall trend is a slight consolidation. Mr. Coin believes that if the price can further rise during the day and break above 86000, the upward trend is expected to continue; otherwise, the fluctuation will persist.

On the four-hour chart, the Bollinger Bands have flattened again. After multiple failed attempts to test the middle band, the price has slightly risen, operating above the 7-day and 10-day moving averages. The MACD on the four-hour chart shows a DIF of 266.33, a DEA of 288.33, and a MACD histogram of -44.02, indicating a weakening of market momentum in the short term. The RSI on the four-hour chart is at 56.29, close to the neutral zone, showing no obvious overbought or oversold signals. The EMA7 on the four-hour chart is at 84611.91, providing some support for the price. Overall, the probability of breaking upward is still relatively low, and the likelihood of continuing the range is very high. It is recommended to focus on short positions at high levels and support long positions at low levels.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

4.18 Short-term Reference for Bitcoin:
Light short positions at 85400-86500, with a stop-loss at 87900, target below 84300.

Long positions at 83200-83800, with a stop-loss of 500, target above 84500.

4.18 Short-term Reference for Ethereum:

Short positions: 1630-1680, with a stop-loss at 1850, target below 1500.

Long positions: 1500-1550, with a stop-loss of 30 points, target above 1600.

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in market judgments, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: Mr. Coin in the cryptocurrency circle. For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for addition methods: the first ten each day can receive free exit strategies.

For more real-time trading, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency circle, and have studied in the U.S. multiple times, mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with trading, you are welcome to study and learn together.

This article is exclusively shared by Mr. Coin in the cryptocurrency circle and represents Mr. Coin's unique perspective. The article is sent with a delay, and risks are borne by the reader. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, move forward together, and keep pushing. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, prepare well, and be ready to set off at any time. Keep it up!

—— This article is written by Mr. Coin in the cryptocurrency circle, refusing to plagiarize and respecting originality!

In the evening of the day, bullish sentiment is warming up, and the market is breaking out upward. The current price has returned to above 84000, testing upward with pressure at 85500, and the market has once again entered a consolidation phase, with both bulls and bears in a stalemate.

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