Yue Ying: 4.13 Bitcoin and Ethereum Market Analysis - Resistance Causes Pullback, Support Holds, Continue to Watch for Upside

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Bitcoin Technical Analysis ————

On the daily chart, the previous candle closed as a bearish real body above 70k, supported by the upper side. The market opened weak and oscillated within a narrow range. The Bollinger Bands are flattening, with the short-term moving average trending upward. The MACD's fast and slow lines are slightly downward, with decreasing histogram bars. The KDJ is crossing downward, extending toward the 50 level, indicating potential support nearby. The VR indicator is consolidating around 90.

On the four-hour chart, the intraday trend remains above the lower band and the 60-day moving average. The Bollinger Bands are opening, with the short-term moving average trending downward. The MACD's fast and slow lines are extending downward, with decreasing histogram bars. The KDJ is supported near the 0 level and turning upward. The VR indicator is consolidating around 80.

Overall, the market faced resistance around 73,700 and pulled back. The short-term outlook remains unchanged. The next support zone is around 70k–69,000. As long as the pullback does not break below this area effectively, the correction will end, and the price will continue to test higher levels. The key resistance above is near the midline of the weekly chart, which is also the best high-altitude entry point with good risk-reward. Patience is needed; in the short term, continue to view the market bullishly based on support levels.

Short-term suggestion:

Bitcoin short-term advice: buy at 70,300 (activate strategy with profit, manage yourself)

Yitai Technical Analysis ————

Yitai's weekly, daily, and four-hour main chart technical indicators are consistent with Bitcoin, so they can be referenced together. The overall approach is also linked. In the short term, focus on the support zone around 2,150–2,120. If the pullback does not break below, look upward. Short-term, it is mainly about supporting long positions at the support levels.

Short-term suggestion:

Yitai short-term advice: buy at 2,168 (activate strategy 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 communicate and learn with me! Let's share and profit together! $BTC ‌#Gate广场四月发帖挑战 #今日你看涨还是看跌？