🚨4/22 Morning BTC/ETH Market Report🚨

🔶I have to say Ethereum is really weak. Yesterday we had long positions at 1611～1600～1538. After we entered at 1611, it came close to 1642 and was moving quite steadily at first. However, as BTC continued to rise, it suddenly dropped to around 1535, which affected our additional position at 1538. Now the average price is around 1573, and the 85800 long position for BTC still hasn’t given us an entry opportunity. So let's look for answers on the market again today.

$BTC
🔶The price rose to 88880 in the morning and has started to retrace. Currently, the price is being pressured near the top of the daily cloud layer at 8 8 3 8 8. Only a valid breakthrough and a stable position here can continue to look towards 90,000. There is still some support near 85800.

🔶Yesterday's price briefly broke through the four-hour level bullish cloud, supported by the EMA200 moving average. Currently, there is support at 86500～85800～84666 below, and we can consider placing long positions in these areas. The initial targets can be set at around 87500～88388～89000～91000, where we can reduce positions after reaching the target and continue to play the market.

$ETH
🔶Ethereum's trend has completely deviated from Bitcoin's path. Although it has been relatively weak recently, I believe I will continue to hold my long position. As long as I maintain a good defense, I might just seize the opportunity quietly when everyone is rejecting Ethereum.

🔶On the daily chart, there is heavy resistance above, with the 1603 BBI suppression, the 1613 turning line suppression, and the Bollinger middle track resistance near 1617. Below, there is support near 1435 from the SAR and the Bollinger lower track.

🔶 There are resistances around 1593, 1596, and near 1600 on the four small levels. Support is at 1565～1555～1537. Long positions can consider attacking again at these points. The target is 1593～1640～1700～1730; once the target is reached, you can reduce your position and continue to play. Of course, long positions around yesterday's average price of 1573 can be held, and the target should mainly focus on today's.

⚠️The above entry and exit points have a deviation of ±100 points for BTC and ±5 points for ETH. The above content is derived from chart patterns and technical indicators, which may change in real-time and be influenced by news. Please adjust according to your actual situation.

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