Market Overview
Yesterday's trading session yielded positive results for many investors. We recommended short positions on BTC at 82,100 and ETH at 1,600, with take-profit targets at 80,800 and 1,530 respectively. For those who missed these opportunities, it's crucial to reassess your trading approach—especially in navigating corrective trends where precision matters.
Key Observations:
- Dominant Trend: Bearish (with current corrective phases)
- Critical Factors: Trade timing, entry points, and technical indicators
- Risk Management: Avoid premature long positions; prioritize strategic shorts
April 11 BTC Contract Technical Analysis
Daily Chart (Big Picture)
- Candle Pattern: Small bearish candle following alternating single-day candles
- Price Position: Lingering near lows
- Indicator Insight: MACD shows bearish crossover, but price volatility lacks momentum
- Overnight Action: Early morning rebound neutralized yesterday’s decline, signaling ongoing correction
Hourly Chart (Short-Term)
Key Levels:
- Resistance: 82,500 (yesterday’s breakdown point)
- Support: 80,500 (immediate target)
- Momentum: Consecutive bullish candles with RSI climbing from oversold territory
BTC Trading Strategy
- Entry: Short at 81,600
- Stop-Loss: 82,100
- Target: 80,500 (1:2.5 risk-reward ratio)
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April 11 ETH Contract Technical Analysis
Daily Chart (Big Picture)
- Candle Pattern: Consecutive bearish candles with isolated bullish corrections
- Technical Setup: Price below moving averages; MACD confirms downtrend
- Weekly Context: Strong resistance zones limit upside potential
Hourly Chart (Short-Term)
- Pattern Alert: Head-and-shoulders formation completed with right-shoulder rejection at 1,600
- Rebound Logic: Predicted retest of neckline before resuming downward trajectory
ETH Trading Strategy
- Entry: Short at 1,600
- Stop-Loss: 1,630
- Target: 1,530–1,505 (3:1 risk-reward ratio)
Risk Disclaimer
This analysis represents the author’s perspective and does not constitute financial advice. Cryptocurrency trading carries inherent risks—always conduct independent research and manage exposure prudently.
FAQ Section
Q1: Why prioritize short positions in a corrective market?
A: Corrective phases often retrace within broader downtrends. Shorting at key resistance levels aligns with trend continuity while minimizing counter-trend risks.
Q2: How reliable are head-and-shoulders patterns in ETH’s current setup?
A: With confirmed right-shoulder rejection and volume support, this classical pattern has ~75% historical accuracy in crypto markets when combined with broader bearish indicators.
Q3: What if BTC breaks above 82,500 resistance?
A: A daily close above this level would invalidate the immediate bearish bias, prompting reevaluation toward potential range-bound or reversal scenarios.
Strategic Takeaways
- Trend Alignment: Trade with the dominant bearish momentum until key resistance breaks.
- Precision Entries: Use identified zones (81,600 BTC / 1,600 ETH) for optimal risk-reward setups.
- Adaptability: Monitor real-time price action for confirmation signals beyond static levels.