April 4th Morning Brief and Recommendations

As mentioned last night, just wash up and go to sleep. These days, rest well and recharge before fighting again. If you have free time on the weekend, spend more time with your parents, children, and wife. Rest when needed. Now, back to the main topic: look at the yellow line segment indicated by the red arrow at the bottom of the chart. This upward move should have reached a 1:1 ratio, with the wave expected to go up to 68111. However, the market didn't rebound that high and instead pulled back.

Looking at the second upward move, indicated by the white line segment below the yellow arrow, this wave should have reached 67385 to hit the 1:1 target for the second wave. It also did not reach that level. Since neither of these two upward waves hit their 1:1 target levels, can we consider the consolidation zone marked by the red box to be in its final stage? That’s a reasonable judgment.

Since this consolidation zone is in its final stage, what’s next? A pullback is expected. How else could it move? It can only move downward, but the pullback must break below the flag pattern to test the support at 65665. If the support at 65665 cannot hold, the decline could extend to previous lows of 64930 and new lows of 63832. If it doesn’t break below the flag pattern and 65665, it cannot go lower and will continue to oscillate within the flag pattern until it exhausts everyone’s patience and a clear direction emerges.

To see an upward move, it must break through 67319 to form a new high and then rebound. These key levels have been discussed repeatedly. The market hasn't moved much within this range. Be patient! It won’t stay sideways forever.

For Bitcoin:
A volume breakout above 67020 on the right side suggests chasing long positions on the rebound. A volume breakdown below 66662 on the right side indicates chasing short positions on the bounce back, with proper stop-loss in place.

If Bitcoin breaks and holds above 67020 on the hourly chart, look for targets at 67915-68623. If it fails to hold above 67020, it’s useless.

On the 4-hour chart:
A breakdown below 66471 suggests looking down to 65603-64983.

Resistance levels above:
67020-67915-68623

Support levels below:
66498-65661-64930

$ETH Strategy:
Bitcoin breaks above 2059 with volume on the hourly chart, chase longs and set stop-loss at entry.
If it breaks below 2042 with volume, chase shorts and set stop-loss accordingly.

A pullback to 2016 confirms support; add one position.
If it breaks below 1981, stop-loss.
If Bitcoin stabilizes above 2059 on the hourly chart, look for targets at 2083-2124.
Watch for a short opportunity at 2124; if it breaks above 2160, set stop-loss.
Left-side order: buy at 1962, stop-loss below 1936.
Resistance levels above:
2059-2083-2124

Support levels below:
2040-2016-1962

On the 4-hour chart:
Break below 2038 indicates a move down to 2008-1963. Bitcoin has been oscillating inside a triangle pattern; only a breakdown of the triangle can lead to a retest of 2018. If it breaks below 2018, it will test 1961. A breakout above 2073 suggests a rebound, but if it cannot go higher or lower, it will continue oscillating within the triangle pattern.