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🚨4/14 Morning BTC/ETH Market Report🚨
🔶After taking a two-day break over the weekend, the plaza hasn't updated synchronously. The VIP members of the E family are still actively providing support, with long positions completed near 1550 achieving a target of 1670, and the long positions between 1600-1536 reaching a maximum of around 1660. We are still a bit away from our first target near 1 6 7 0, so today's strategy will still focus on low long positions, and we will look for answers on the chart.
🔶$BTC is facing cloud resistance near 852 0 0 on the daily chart, and only a valid breakthrough here can continue the upward trend. Support is around the baseline at 81600 and near 80270.
🔶 The four small time frame charts give us the answer that the turning line of 84550 has been broken. The upper resistance is near SAR 85917, while the lower support is at 83940 for EMA200, and near 82258 for baseline support, as well as support at the top of the cloud near 81490. These positions are suitable for participating in low longs.
🔶The hourly price has once again fallen back into the bullish cloud. Currently, there is slight resistance near the top of the cloud around 85000, with support near the baseline around 84345 and 84267. Aggressive traders can enter low long positions in these two areas!
🔶$ETH has recently been focused on Ethereum. Personally, I think that even though Ethereum has been relatively sluggish lately, getting in at such a low price is still quite good. I faintly see a kind of momentum building up for a surge. What do you all think?
🔶Currently, around 1600 is the daily level support, and around 1568 is the four-hour level cloud support. You can consider entering low long positions at these two levels. For the first position or aggressive traders, you can reference the entry point near 1610. It is crucial to pay attention to the upper cloud resistance at 1670 and SAR resistance. Only by effectively holding above these levels can we open up upward space towards around 1744!
⚠️All the entry and exit points above are based on the chart patterns and technical indicators, and they may change in real-time due to market fluctuations and news impacts. Please adjust according to your own circumstances!
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