April 8th, Yifan Afternoon Analysis

Both Bitcoin and Ethereum are showing a comprehensive strengthening in their moving average structures, presenting a classic bullish alignment. The 5-day moving average support is solid and strong, and the upward trend is officially established. The trading strategy is to follow the trend, mainly buying on dips near the 5-day moving average to capture this main upward movement precisely.

Bitcoin's daily MA5, MA10, and MA30 are diverging upward layer by layer, with a clear and stable bullish structure. The price continues to stay above 71,500, oscillating upward based on the 5-day moving average. A short-term breakout of the 72,700 range indicates sustained bullish momentum. Key support levels below are at 70,300 to 71,000, where previous resistance has successfully turned into support. The critical defense level is at 68,000; if it is broken and the price cannot stabilize, the bullish trend will be invalidated. On the upside, short-term resistance is at 72,500. A volume breakout above this could target 73,000 to 74,000.
For trading, aggressive traders wait for a dip to stabilize around 70,500 to 71,000 before entering long positions. Conservative traders wait for a pullback near 71,500 for confirmation before adding to their positions. Stop-loss should be set below 68,000. If the price can hold above 72,000, the first target is 73,000. As volume continues to grow, the next target is above 74,000.

Ethereum moves in tandem with Bitcoin, showing a short-term bullish alignment on the daily chart. The price steadily rises close to the 5-day moving average. After breaking the 2,200 level, the rally continues, and the bullish atmosphere remains strong. The core support zone around the 5-day moving average is between 2,190 and 2,210, with a firm defense point at 2,170. The key resistance above is at 2,270. A successful breakout can open the way to higher levels, with targets at 2,320 to 2,350.
The trading approach is to follow the principle of buying on dips. Once the price stabilizes within the support zone, long positions can be established with strict stop-losses. After breaking above resistance, add to positions gradually, controlling position size and avoiding chasing highs. Rely on the moving average trend for steady holdings.