April 21st Trend Analysis: The US-Iran negotiations are repeatedly tugging back and forth. How should we operate on Bitcoin and Ethereum?

Currently, Bitcoin is hovering around 76,000, continuing the rebound from yesterday’s low of 73,700. The upward space for the day has exceeded 2,000 points, and market sentiment is leaning towards optimism. The short-term downward momentum has significantly weakened, with indicators like MACD and KDJ forming bullish signals in the short cycle, indicating a continued upward demand in the near term.
The overall daily upward channel has not been broken, and the price remains above key support levels, maintaining a bullish overall trend for now. However, it’s important to note that the upward momentum has diminished, and the KDJ indicator is turning at high levels, suggesting increasing pressure for a pullback.

The strong resistance zone between 76,300 and 77,300 is the first hurdle that needs to be overcome for the rebound. If it cannot be effectively broken through, the rebound may end.
Key support zone is between 74,400 and 74,900. As long as the price does not fall below this area, the short-term rebound structure still exists.

The current US-Iran conflict remains in a tug-of-war stage. This ongoing uncertainty continues to disturb the pricing of risk assets, making it difficult for the market to form a one-sided trend. It more often manifests as a oscillating pattern with resistance above and support below. Market sentiment is still dominated by US inflation data and Federal Reserve policy signals, which directly influence market expectations for liquidity. Currently, the market is in a fierce battle between bulls and bears, with differing opinions on operations.

One approach is to short on rallies: given the significant resistance above and weakened upward momentum, consider short positions in the 77,300 - 77,800 range, betting on a correction after the rebound ends.
Another approach is to buy on dips: as long as the key support zone of 74,500 - 75,000 is not broken, the short-term rebound structure remains intact. Look for long opportunities within this range, targeting 76,000 - 77,000.

Operational suggestions:

BTC buy at 74,500-75,000, target 77,000-79,000, stop loss at 73,500

ETH buy at 2,240-2,280, target 2,450-2,550, stop loss at 2,200

The views, conclusions, and suggestions in this article are for reference only and do not constitute investment advice. The market carries risks; invest cautiously.

$BTC