🚨4/8 Morning BTC/ETH Market Report🚨

🔶Yesterday's Market Review: The price of BTC dropped to around 74460, which is the Fibonacci 0.618 level and the bottom of the 5-day level cloud cover. It was mentioned in the chat room as well, but what surprised me was that it directly surged above 81000. Whether it was fake news or other factors, I won’t delve into it; I can only say that it was my own judgment error. Today's operation, we continue to seek answers from the market:

🔶The current daily chart shows that the turning line and the baseline are basically overlapping, indicating that a direction is about to emerge. Pay close attention to the resistance near 81500 and 81600, as well as the resistance near the bottom of the cloud around 86322.

🔶The current price on the four small timeframes has broken through the baseline, but there are no obvious signs of an upward turning point for the pivot line, indicating that the bullish strength is not very strong. The upper Fibonacci retracement line at 0.5 is 81500, and it shouldn't be that easy to break through this level.

🔶The hourly price has entered the cloud, with the upper cloud top at 80800 and having tested it twice without effective breakthrough. The risk of a third breakthrough still exists, so for those looking to enter a short position near this level, it should only be a small position. Additionally, there is resistance near SAR 8 1 1 0 0, support near the turning line at 79400, and support near the baseline at 77800.

📉 Suggest to enter the position at 80800, add at 81500 near 82230, defend at 80800+ (1207.5×1.5)=82611.25. Target 79400-77800-74850, reduce position once the target is reached and continue to play.

🔶Focus on shorting ETH today around 1620 to 1683, with a defense at 1715 and a target of 1524 to 1482. You can reduce your position once the target is reached and continue to play.

⚠️All the entry points mentioned above have a deviation of ±100 (BTC) ±5 (ETH), and the mentioned points are conclusions drawn from chart patterns and technical indicators, which may be subject to real-time changes and news impacts. Please adjust according to your own circumstances.

⚠️About Stop Loss: The stop loss is calculated based on the volatility indicator, which may be larger than expected, so please adjust it according to your actual situation.
#BTC 能否站上 $80K？# #CPI & PPI 数据将公布# #下行市场风险对策#