[April 21] Bitcoin / Altcoin Market Analysis and Strategy

Brothers, Bitcoin is currently fluctuating around 75,500, slowly recovering. Fortunately, the bullish foundation is still intact and hasn't collapsed.

The daily chart remains in an upward channel, and the previous overbought conditions have been fully digested, with indicators gradually strengthening. The ultimate lifeline for the bulls is at 73,600-73,000; holding this level means no problem. Above 76,500-77,500, there is heavy selling pressure, making it difficult to quickly surge upward in the short term.

The 4-hour chart shows a rebound from lows, with the bears' momentum significantly depleted, and it has regained support levels, slowly recovering in the short term. However, the rebound strength is limited; resistance at higher levels often causes a pullback.

The 1-hour chart shows shrinking volume with bulls and bears fighting, with no clear trend. Only when it stabilizes above 76,000 does it have the momentum to go higher; falling below 75,000 will lead to testing the 74,000 support line.

Today, the strategy is to buy low and sell high within the 74,000-77,000 range. Near 77,000, go short; near 74,000, go long. Watch the middle for entertainment.

April 21 Bitcoin Trading Strategy:

1. Short around 77,200, protect at 77,800, target near 76,200

2. Long around 74,500, protect at 73,500, target near 76,500

April 21 Ethereum Trading Strategy:

1. Short around 2,355, protect at 2,395, target near 2,265

2. Long around 2,255, protect at 2,215, target near 2,325

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