Yue Ying: Bitcoin and Ethereum Market Analysis for April 8th — Breakthroughs Continue, Will Bitcoin Reach 78,000?

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Bitcoin Technical Analysis ————

On the daily chart, Bitcoin's previous large bullish candle stretched and broke through the upper band but faced resistance and pulled back. Intraday, the market is oscillating and adjusting. The Bollinger Bands are opening, with short-term moving averages trending upward. The MACD fast and slow lines are extending upward with increasing histogram bars. The KDJ is turning upward and flattening near the 100 level, watch for resistance. The VR indicator is consolidating around 110.

On the 4-hour chart, after a strong breakout above the upper band, the trend did not continue. Currently, it is consolidating near the upper band. The Bollinger Bands are opening upward, with short-term moving averages trending higher. The MACD lines are crossing upward with increasing histogram bars. The KDJ is extending upward, with support near the 50 level. The VR indicator is consolidating around 140. Overall, the market has once again broken through the upper boundary of the box. Next, we can look for continuation supported by the 70,000 level. As long as it stabilizes, this rebound could see 78,000. Therefore, a short-term pullback to 70,000 is not a valid breakout for long positions. The previous strategy was to follow the breakout of either side of the box to identify new structures. Today, follow that approach to try trades. Short-term advice.

Bitcoin Short-term Strategy: Aggressive buy at 71,200 (Conservative buy at 70,300), target 75,000 (Strategy activation with profit, manage yourself).

Yitai Technical Analysis ————

Yitai previously missed a few dozen dollars on the long side, and Bitcoin missed a few hundred. Overall, follow Bitcoin's technicals for reference. The structure has also broken through the upper boundary of the box. As long as the pullback does not break below 2,180, expect an upward extension. Short-term advice.

Yitai Short-term Strategy: Aggressive buy at 2,230 (Conservative buy at 2,200), target 2,400 (Strategy activation with profit, manage yourself).

— I am Zhou Yue Ying, a teacher focused on technical analysis. If anyone has questions about operations or trends, feel free to discuss and learn with me! Let's share insights and profit together! #Gate广场四月发帖挑战 #BTC突破71000美元 $BTC