April 26th midday Silk Road and suggestions



I think it's more prudent to spend more time with the people around you in this kind of market 😄 Look at the position indicated by the white arrow below, Bitcoin has not broken below the lower boundary of the price channel. Although there are downward spikes, the final closing prices are all above the price channel. So can we temporarily consider the lower boundary of the price channel as a small bottom? Absolutely. As long as the price retraces without breaking below the price channel, the decline cannot continue. Only if the price breaks below the channel and cannot recover can it test the low point before the spike at 76888. Only if it breaks below 76888 will it continue downward to test the 76237-74929 levels. If it doesn't break the price channel or 76888, it can't go lower. To stop the decline and rebound, it must break through 77842 to look up toward the upper boundary of the price channel at 78443. Only after breaking the channel can it have a chance to reach the previous high. If it can't go up or down, it will hover around 76888-77842, then oscillate and consolidate.

Bitcoin with volume breaks through 77822 on the right side, follow long positions.
If it drops below 77130 with volume and fails to recover, follow short positions with stop-loss.
Bitcoin on the hourly chart breaks above and stabilizes at 77822, aiming higher at 78456-79148.
If it can't go above 77822, it’s useless.
On the 4-hour chart, if it breaks below 77153, look down to 76019-74942.
Resistance above: 77822-78456-79148
Support below: 77170-76088-74834

Yitai Silk Road
Volume break above 2323, follow long positions, close with stop-loss.
Break below 2298 with volume, follow short positions, set stop-loss.

Retrace to 2257 to confirm support and add one position,
Break below 2216, stop-loss.
Yitai on the hourly chart stabilizes at 2323, aiming higher at 2362-2398.
Watch for 2398 to add a short position,
Break above 2425, stop-loss.
Left-side spike order: 2174 long, break below 2133, stop-loss.
Resistance above: 2323-2362-2398
Support below: 2297-2253-2220

4-hour chart breaks below 2297, look down to 2249-2218.
Yitai's bullish trend line has been broken, but this is a lateral breakdown, which has little reference significance.
Let's pretend it really broke the trend line; to rebound, it must re-close above the trend line and break the 2339 resistance to start a rebound.
If it can't recover above the trend line, it will definitely revisit the support at 2282 and 2227.
$BTC $ETH
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