In one week, BTC will start a new halving trend.
It can be seen that there were sharp rises and falls before and after the previous halvings, such as the Brexit market in 2016 and the 312 crash in 2020. After the big wash, BTC tends to soar and rise straight.
The performance of this round of halving is very impressive. Under the favorable expectations of ETF, BTC soared ahead of schedule. As the halving approaches, risks and opportunities coexist. Laolang expects that volatility will further increase, and attention should be paid to reducing the leverage ratio.
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BTC：
A huge amount of options expire today, corresponding to BTC entering a triangle convergence trend, long and short positions are heating up, pay attention to the breakthrough trend, BTC rebounded along the 5-day line, and the hourly line continuously inserted needles. It faces selling pressure from the resistance line above, and needs to test the high point multiple times. The upper $71,448 is the key point of the resistance line. BTC needs to break through $71,448 with large volume to enter a new round of short squeeze. Next, BTC will rise and test $71,448.
Resistance: 71448, 72775, 73563
Support levels: 69342, 67965, 66784
ETH：
It is weakening along the 5-day line and facing pressure from the resistance line. The $3564 above is the key point of the triangle convergence trend formed on April 9 and April 11. Only by standing firmly at $3564 can it build a bottom and strengthen, break the deadlock of shocks, and enter a bullish upward trend. Next, ETH will rise and test $3564.
Resistance: 3564, 3632, 3715
Support levels: 3456, 3387, 3324
