4.22 Crypto Market Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Due to the influx of funds, Bitcoin has broken upwards. The previous range of fluctuations has been disrupted, but the overall trend remains a wide range of fluctuations, so we do not recommend blindly chasing highs and cutting losses. Yesterday, the morning rebound continued, and the price broke through the 86000-88000 resistance area, opening up space above. The price reached around 88410 and faced resistance, leading to a slight pullback and entering a high-level consolidation. Currently, it is running around 87300, and in the short term, it is still slightly consolidating. However, the price is continuously testing upwards, so the bulls have a slight advantage. Moving forward, we are still focusing on the key resistance levels above and being cautious of potential upward breakouts.

From the four-hour chart, the Bollinger Bands are opening. MACD: The 4-hour DIF (766) is flattening out at a high level, and the DEA (516) is in a bullish arrangement, but the histogram is decreasing in volume, so we need to be cautious of the risk of a top divergence in the short term. RSI: The daily RSI (57.69) has exited the overbought zone but is still above the midpoint, while the 1-hour RSI (56.19) is neutral but slightly weak. EMA: The price is stable above EMA7 (86947)/30 (85530) in a bullish arrangement, but the 1-hour EMA7 (87257) is closely aligned with the price. If it falls below, it will test the 86500 support. Overall, the bulls have a slight advantage, but we should not blindly chase long positions. In terms of operations, it is recommended to focus on buying on dips and shorting at high levels.

4.22 Bitcoin Short-term Reference:

Light short position 87800-88600, stop loss 89800, stop loss: 500, target below 87200,

Long position 85200-86500, stop loss 500, target above 87500,

4.22 Ethereum Short-term Reference:

Short position: 1615-1675, stop loss 1870, stop loss: 1890, target below 1590,

Long position, 1550-1500, stop loss 30 points, target above 1600,

The article has a delay in sending, the strategy suggestions are for reference only. Market conditions change rapidly, regardless of how high the judgment and grasp of the market are, you must always manage your take profit and stop loss well. Secure your profits.