Bitcoin stepped back on support, out of the rebound, and the market is at the crossroads of turbulence by chart-trading

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Bitcoin stepped back on support, out of the rebound, and the market is at the crossroads of turbulence
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<p><strong>Today&#x27;s news:</strong></p>
<p>According to the news on April 8, through a partnership with the Gemini Exchange, California real estate giant Caruso Properties will now allow tenants of its retail and commercial real estate to pay rent in Bitcoin. This makes Caruso the largest real estate management company in the United States that accepts digital assets as a form of payment. In addition, Caruso has allocated around 1% of its fiscal reserves to Bitcoin.</p>
<p><strong>BTC market analysis:</strong></p>
<p>Bitcoin is under pressure again from yesterday&#x27;s uptrend. The next market breaks positions and exits the downtrend. Bitcoin is down by more than 3,000 points throughout the day, and has broken the main support of the daily midway. The low is currently around 55,500. Back above 57200, the price may once again drop to the 55,000 line.</p>
<p><img src="https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmfA3R343JNqXVzzgohAMiPJUxo1e7d9YNZg7bH8Jdz5Jv/IMG_20210408_070033.png" alt="IMG_20210408_070033.png"/></p>
<p>On the daily chart, after repeated attempts to break the 60,000 mark, the price also ushered in a strong callback. The current trend shows a persistently negative posture, and the bearish sentiment is gradually increasing. The intraday lows continue moving downwards, on the 5th. The ten-day moving average also has a downward attacking posture, so it is not advisable to blindly chase the bulls in operations. Middle Track Bollinger Band has formed a pressure line at 57200. If it fails to break during the day, the market may still be under pressure to decline. I hope you can prepare in advance.</p>
<p><img src="https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmSKwdRqNiD5HqpKjgyzUaLWeTaNp7w83XDJSdCdsMVDqH/IMG_20210408_065915.png" alt="IMG_20210408_065915.png"/></p>
<p>Looking at the short term hourly chart the Bollinger Band is opening downwards. Even though the price is currently rebounding near 55500, the upside pressure area has not been broken. The overall trend is still volatile and down. Therefore, it is not advisable to blindly pursue a hike in operations. The stable point awaits the area of ​​continued rebound resistance and then clears.</p>
<p><strong>BTC morning strategy:</strong></p>
<p><strong>1. Price rebounds with empty order near 56900 position to enter the market, stop loss is at 57200, take profit is at 56400-56000</strong></p>
<p><strong>2. The price has retreated to the 55000 position and more orders are entering the market, the stop loss is 54700 and the stop profit is 55500-55800-56100</strong></p>
<p><strong>ETH market analysis:</strong></p>
<p>Ethereum also lost its upside yesterday, and the next long supply was insufficient. After the price fell below short-term support 2080, the price fell further. In the evening, he broke 2000 again and made a strong callback. The price is currently approaching 2010 positions, and the market is retreating from its rebound, but the price is currently close to the upper pressure area, so operations are not recommended to blindly chase gains, beware of retesting the market strength of 1930 first-line support.</p>
<p><img src="https://steemitimages.com/640x0/https://cdn.steemitimages.com/DQmXTmRoPpkdeCtYb6KzBdvbkx2DrbjiEEoGxzecvRQ5G67/IMG_20210408_070122.png" alt="IMG_20210408_070122.png"/></p>
<p>Looking at the short term hourly chart, the price has once again retreated to the 1930 line and rebounded. The current trend is four consecutive positives, and the short-term uptrend is good. On the 5th, Grandma passed the ten-day moving average and is a golden cross. This indicates that short-term prices are expected to rise. However, the Bollinger Band was closed, and the suppression of the middle rail continued moving downwards. If it fails to break out and stabilize in the future, the market may still retreat to the 1930 line. Recommend that all coin friends be prepared in advance.</p>
<p><strong>ETH morning strategy:</strong></p>
<p><strong>1. Prices rebound and enter the market near 2020 position, stop loss 2040, take profit see 1985-1965</strong></p>
<p><strong>2.Prices have stepped back to 1935 positions and more orders enter the market, stop losses in 1915, and take profits to see 1970-1990</strong></p>
<p>Indicators are time sensitive, and shipment is delayed, so please refer to real-time marketplaces for details. Again, to do a good job of risk control, no matter how high your valuation of the future market is, you have to take your profits and stop your losses!</p>
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