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#ETH 4.14 Tuesday Afternoon Bitcoin Thoughts and Analysis
The “second pancake” has broken through the triangle structure and refreshed the new high. In the next phase, it will most likely range and consolidate between 2393—2333; after completing the bullish continuation, it will then choose a direction.
As long as it does not fall below 2333, a deep short-term pullback is unlikely; once it effectively breaks through the previous high, the upside space will further open
4.14 Tuesday Afternoon “Second Pancake” Trading Suggestions
Breakout above 2369 on increasing volume: Enter a long on the right side; set a stop loss when price reclaims/pulls back after the breakout
Breakdown below 2352 on increasing volume: Enter a short on the right side; strictly set a stop loss
Pullback to 2308 support is effective: Go long; stop loss and exit if it falls below 2271
The hourly chart holds above 2369: Upside targets 2416—2460
Touching 2460: Try a short with a light position; stop loss if it breaks 2495
Left-side pending orders
2232 places a buy long position as a limit order; stop loss if it falls below 2198
If the 4-hour timeframe falls below 2330, look for supports at 2275—2232