April 9, 2026 Market Analysis and Contract Strategy Recommendations:

1. Technical Analysis in Detail

1. Weekly K-line — Long-term Trend
- Current situation: The price is currently around 2168, below the MA20 (2503) and MA60 (2893), indicating a overall correction phase in the larger cycle.
- Signal: Although the long-term moving averages are downward, the MACD green bars seem to be shortening, and the price is approaching previous support zones around 2000-2100. This suggests weakening downward momentum and a bottoming process, but no clear reversal signal has appeared yet.

2. Daily K-line — Mid-term Trend
- Current situation: The moving average system (MA5, MA7, MA10, MA20) is highly entangled within the 2100-2160 range. This indicates the market is at a critical turning point.
- Signal: The price is barely above MA5 (2162), but facing resistance overhead. The MACD indicator has formed a golden cross below the zero line, with weak red bars, indicating bulls are attempting to rebound but lack strength, representing a weak oscillation and correction phase.

3. 4-hour — Short-term Trend
- Current situation: After a decline from the high of 2273, the price is now consolidating after a correction.
- Signal: The price has broken below the MA20 support, and the MACD lines have a death cross downward, with green bars beginning to appear. This indicates a short-term (next 12-24 hours) bearish bias, with further downside potential. Key support is near the MA60 (2103).

4. 1-hour — Ultra-short-term Play
- Current situation: The downtrend is clear, with lower highs.
- Signal: The MACD is running with a death cross below zero, with no obvious bottom divergence. The current price hovers around 2169, showing weak consolidation in a downtrend. If it cannot quickly recover above 2185 (MA20) tonight, it is likely to continue downward testing.

2. Today’s Contract Strategy Suggestions

Core idea: Since the daily chart is in a consolidation phase with potential for a trend change, and the 4-hour and 1-hour are bearish, the main strategy today should be “selling high, buying low,” while being cautious of a breakout on the daily level.

Strategy A: Trend-following Short (Main Strategy)
- Logic: The 4-hour MACD has a death cross, and the 1-hour is in a downtrend, favoring short positions.
- Entry points: Short in batches around 2180-2188 (near the 1-hour MA20 resistance) during rebounds.
- Stop-loss: Set above 2205 (if broken, short-term bearish trend invalidates).
- Targets:
- First target: 2150 (intraday short-term support)
- Second target: 2120-2100 (strong daily support zone; consider closing positions here and observing)

Strategy B: Key Support Rebound Play (Secondary Strategy)
- Logic: Daily moving averages are densely packed around 2100-2120, a very strong defense zone. A sharp decline to this area could trigger a rebound.
- Entry points: If the price drops sharply to 2100-2110 and the 1-hour chart shows long lower shadows or bullish engulfing candles, try light long positions.
- Stop-loss: Break below 2080 decisively to prevent large drops.
- Targets: Look back to 2150-2160.

Strategy C: Breakout Chase Orders (Backup Strategy)
- Logic: When daily moving averages are tightly packed, a volume breakout could lead to a one-sided trend.
- Operations:
- If volume breaks above 2210 and holds, chase longs toward 2250.
- If volume breaks below 2090, chase shorts toward 2000.
- Note: Probability is relatively low at the moment; wait for confirmation.

3. Risk Tips
1. Volume contraction risk: Currently, trading volume (VOL) is shrinking. Trend reversals often occur after extreme volume decline. If no large funds enter tonight, expect narrow oscillations between 2150-2190. Avoid frequent trading to prevent being whipsawed.
2. Bitcoin correlation: BTC is also slightly declining, and ETH’s movement largely follows BTC. Be sure to monitor BTC for significant volatility when operating.

Summary: Focus tonight on the 2185 resistance level; if not broken, consider shorting. Watch the strong support at 2100 below. Expect sideways oscillation; take profits and stay cautious.