4.22 Morning Analysis of Bitcoin and Ethereum Market
Last night, $BTC rebounded from the low point of 86630 to a high near 88440 before facing resistance and dropping back, with the lowest touching the 86356 level, and then entered a phase of consolidation, currently hovering around 87200. The Ethereum trend is relatively weak, having fallen from a high of 1641 to a low of 1564, and is currently maintaining a narrow range near 1570.
In the short term, the 88400-88600 area for Bitcoin has formed resistance. From a daily perspective, Bitcoin has shown four consecutive bullish candles, successfully breaking through the mid to short-term moving averages. Recently, the bulls have been very aggressive, and the trading volume has expanded, indicating that capital is continuously entering the market. With the MACD fully rising above the zero axis, the trend is gradually strengthening, and it will aim to challenge the 90,000 mark. If it can break through and hold above 90,000, this round of correction will end, and the market will welcome a reversal.
In terms of operations, it is recommended to sell high and buy low!
Today’s focus: PIXEL AUDIO MAGIC
