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Monday, April 1, 2024. Good morning!

CN
冯文徽
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1 year ago
AI summarizes in 5 seconds.

I hope you persist in what you love and remember to smile often. Don't be defeated by frustration, and live your life seriously. You are really good, maybe you don't realize it for the time being. What you need to do is to keep running.

Bitcoin saw a rebound in the overnight market, with a thousand-point increase at midnight. It encountered resistance at around 71500 and began to retreat, currently oscillating around 70900.

On the hourly chart, the pressure at the high of 72000 has not been broken, and the low point of the pullback continues to rise, showing a converging triangle oscillation at the high, with the rebound just touching the top pressure of the pattern without breaking through, and starting to pull back.

From a technical perspective, on the four-hour chart, although the upward breakthrough of the upper Bollinger Band was suppressed, there was no sustained increase in volume, and it began to fall under pressure. The stochastic indicator on the sub-chart has entered oversold territory and started to turn downwards, so be cautious of the pullback risk here!

For the day, pay attention to shorting around the 71300 area for Bitcoin, with a target of 70000, and defend at 72000!

For Ethereum, pay attention to shorting at 3640, with a target of 3560, and defend at 3685!

Suggestions are for reference only!

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