[2024.4.30 BTC/ETH intraday + this week's market analysis]
This week, you should pay attention to several things: (1) The six Bitcoin and Ethereum ETFs approved by the Hong Kong Securities and Futures Commission will be listed on the Hong Kong Stock Exchange on April 30. (2) On May 2, the Federal Reserve will hold a monetary policy meeting, and Powell will speak after the meeting. (3) On May 3, the super heavy non-farm data will be released.
Before Powell's speech and the release of the data, I was afraid that the market panic would cause the market to fall. Whether the cryptocurrency circle can reverse the downward trend depends on the non-farm data released on May 3! If it is higher than expected, it is bearish, and we still have to defend 60,000. If it is lower than expected, it will challenge the previous high. If there is a big drop before the data is released, then buy some positions at the bottom, because this impact is asymmetric and the profit and loss ratio is appropriate! #大盘走势
Today I will give you the analysis of weekly K. Bitcoin has a weekly correction on the short side this week. Pay attention to the position of 65230 this week. If it stands firmly at this position, the weekly correction will end and enter the long position. The upper pressure level/target will first look at the two positions of 66100-67220. If it fails to stand, the lower support level will look at the two positions of 62250-59600.
Ethereum has been pulling back for several weeks, and rebounded at the daily level. Pay attention to the rebound pressure around 3315-3366-3405. This week, only if it stands above 3405, the weekly pullback ends and enters the long position. If it fails to rebound, pay attention to the two positions of 3105-3063 below.
Intraday market trend analysis:
The big cake rushed to the daily pressure level of 64560 last night and then fell, indicating that there are many people who are bearish at present. At the current 1/2 hour level pullback and 4-hour rebound, pay attention to the 63000 position. If it falls below, the 4-hour rebound ends and enters the short side. Pay attention to the support level below 62420-61750-61000.
As long as it does not fall below 63000, the 4-hour rebound may still go up, and the upper pressure level is around 63733-64265-74700#BTC
All the small levels of Ethereum are currently on the short side. Pay attention to the position of 3170 today. If it falls below, the daily rebound will end and enter the short side. Pay attention to the lower support level of 3147-3114-3091.
If it keeps hovering around 3171, the daily and 4-hour levels will fluctuate in the sideways zone, and the upper pressure level of the small-level rebound will be around 3210-3250#ETH
