Yue Ying: 4.23 Bitcoin and Ethereum Market Analysis Today—Short Positions Have Been Realized. Is There Still Room to Short Under a Strong Structure?

I’m Zhou Yue Ying. Friends who like the articles, please follow and let’s see today’s sharing!

**Bitcoin Technical Analysis——**

The short space for Bitcoin mentioned in the previous post is temporarily not large. On the daily chart, the previous K-line broke through the recent highs, tested the upper band area, then got rejected and closed with a long needle. During the day, price opened and moved back for a pullback and adjustment. The Bollinger Bands are opening upward; in the short term, the moving averages are running upward. The MACD fast and slow lines extend upward, and the histogram increases with volume. The KDJ extends upward—keep an eye on support near the 50 value. The VR indicator is consolidating around the 170 value. On the four-hour chart, after being blocked, price has been declining continuously. It is currently rebounding slightly and oscillating near the moving averages. The Bollinger Bands show signs of flattening; in the short term, the moving averages are only slightly up. The MACD fast and slow lines are parallel, and the histogram is shrinking with decreasing volume. The KDJ is crossing downward, showing signs of a turn—watch for resistance near the 100 value. The VR indicator is consolidating around the 150 value. Overall, the market is only one step away from 80,000. Although there is a small pullback today, the K-lines remain strong and continue to hold an upward structure. The thinking from the previous post is correct—short-term, continue to focus on buying on pullbacks. For near-term resistance, pay attention to the prior high and the heavy pressure from the integer-level area. If the breakout is effective, you can directly look for continuation. For short-term support below, focus on the 76,000 area. That’s my short-term trading advice.

**Bitcoin Short-term Suggestion:** 78,900 short, 76,500 long (strategy activation—if there is profit, manage it at your own discretion)

**Ethereum Technical Analysis——**

The 2,435 short setup for Ethereum mentioned earlier has already played out about 100 dollars of room. The long at 2,330 currently has limited room. On the four-hour chart, price has received support around the middle band and the 60-day moving average, and it is currently rebounding. Although the technical momentum is weaker than Bitcoin, the overall idea is linked with Bitcoin—refer to the Bitcoin analysis. For near-term resistance, keep an eye on the 2,450 area. For support below, continue to watch the 2,300 area. The short-term strategy continues to use the same approach—here is the short-term trading suggestion.

**Ethereum Short-term Suggestion:** 2,435 short, 2,330 long (strategy activation—if there is profit, manage it at your own discretion)

— I’m Zhou Yue Ying, a teacher specializing in technical analysis. If you have any questions about your trades or if there are issues with the trend, feel free to communicate with me and learn together! Let’s exchange and profit together! #Gate13周年现场直击 #以太坊Meme季卷土重来 $BTC