Market Overview
Cryptocurrency analyst Feiyang provided key insights on April 8:
- Ethereum (ETH): Showed rebound potential but warned against chasing pumps. Resistance persists near $1,600**—yesterday’s high of **$1,636 failed to break key levels.
Bitcoin (BTC): Successful trades included:
- Spot buy at $74,800** (20%仓位), peaking at **$81,000.
- Long contract at $84,900 with significant profits.
Bitcoin Technical Analysis
Key Levels to Watch
Support Zones:
- Daily: $75,000–$78,500 (critical for trend reversal).
- 15-min chart: Rebounded from $74,800 (36.2% Fibonacci level).
Resistance Zones:
- 4-hour: $80,300–$81,600 (short-term ceiling).
- Daily 161.8% Fib level held despite volatility.
Trading Strategy
- Bullish Caution: Monitor rebounds but avoid over-leveraging.
- Bearish Tactics: Prefer "high-altitude shorts" (sell on rallies).
Indicators:
- MA10 breakthrough suggests potential golden cross.
- Bollinger Band mid-line at $80,900 aligns with resistance.
Ethereum Outlook
- Pivotal Level: $1,600 determines upward momentum.
- Current 1-hour chart shows congestion at $1,580–$1,600.
- Avoid FOMO—breakouts require confirmation.
FAQ Section
Q: Is Bitcoin’s rebound sustainable?
A: Volume remains low; treat rebounds cautiously. Focus on $75K–$78.5K support.
Q: Best entry for Ethereum longs?
A: Wait for confirmed break above $1,600 with rising volume.
Q: Should I hedge my BTC positions now?
A: Yes—consider partial profits at $81,000+ and trail stops.
👉 Master Crypto Trading with Expert Strategies
Final Thoughts
- Bitcoin’s rebound lacks strong volume—stay nimble.
- Ethereum’s $1,600 breakout is make-or-break.
- 👉 Secure Your Crypto Gains Today
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