Sunday night, April 12th: Latest ideas and strategies for Bitcoin and Ethereum

It's better to earn slowly than to lose everything overnight. Time is the best friend of contract traders, provided you give yourself enough time. Bitcoin surged to a high of 73,773 before pulling back, continuously declining during the day, with a low of around 70,892. Ethereum, after surging to 2,329, formed a rapid decline channel, once falling during the day and losing the 2,200 level, with a low of 2,185. This morning, I provided students with a high-level outlook, accurately capturing 1,500 points of space for Bitcoin and 70 points for Ethereum. It’s not that the market isn’t strong enough, but that you chose the wrong direction and missed the opportunity to change your fate.

From the current market trend, Bitcoin’s daily chart shows a rebound that faces resistance and forms a pullback after a surge. The short-term oversold condition has reached an extreme level recently, making a technical rebound much more likely than a typical correction. On the four-hour chart: the Bollinger bands are closing in, with the lower band rising, indicating that the support structure at the bottom is strengthening, not just heading downward. This is the strongest technical rebound signal. Tonight, Lao Ma provided a low-buying strategy during the rebound.

Sunday night trading ideas:
Bitcoin: Buy around 70,700, target 71,800
Ethereum: Buy around 2,170, target 2,250