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April 12 Cryptocurrency Market Analysis
【BTC and Weekly Chart Confirm Breakout】
Strategy: ✅Long Positions Betting ✅
1️⃣ Market 【BTC ETH】 Current Key Support Levels:
【BTC】Long Position
Open: Around 70,500, bottom position
Stop Loss: 69,000
Take Profit: 72,000
【ETH】Long Position
Open: Around 2,160, bottom position
Stop Loss: 2,100
Take Profit: 2,250
2️⃣ 【ETH & BTC】 Weekly downtrend line resistance, predicting upward and downward movements, with slight differences at key levels.
Not daring to short for now, preparing to enter long positions, still in a downtrend phase, not opening long positions yet, waiting for the 4-hour MACD correction before entering, focusing on the support near 70,000 on the daily chart, and watching for signs of stabilization on the 1-hour chart.
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All opinions are personal views only
Not considered investment advice, DYOR