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Analyst Liang Qiu: 4.14 Bitcoin/Ether Evening Market Analysis
Ethereum rose again in the evening to a maximum of around 1690, while Bitcoin's rally was not obvious. In fact, our white disk layout pulls up the short order, and the aunt comes to the vicinity of 1610 during the decline of the white market, and there is also a good space. Bitcoin is currently trading around 84,800 and has fluctuated in the range of 82,800 to 85,500 several times during the day, approaching the upper edge of the range and has a willingness to attack, but 85,500 - 86,000 is the key resistance area. The 4-hour RSI indicator is close to overbought, the MACD golden cross momentum is weakening, and the daily level is in a high-level shock consolidation pattern. If it breaks through $86,000, it is expected to start a new round of rise; A break below the $82,800 support could lead to a retracement to the $80,000 round mark. Ethereum is now trading around $1680, the short- and medium-term moving averages are in a bearish alignment, the MACD indicator is below the zero line, the short-term momentum is weak, and the key support is around 1600 and 1550.
Continue to watch for a pullback after the rise in the evening. Enter a short position on Bitcoin near 85000 to 85500, targeting around 83300; enter a short position on Ether near 1680 to 1690, targeting around 1610.
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