4.23 Bitcoin price has risen sharply and is experiencing a slight pullback before continuing to rise
The price of Bitcoin has experienced a period of accelerated increase, currently reaching a high near 91500.
In the short term, the price has hit mid-channel resistance and multiple bearish signals have appeared, including hanging man and top formation, indicating that the price may face reversal or pullback risks. Furthermore, the appearance of doji and engulfing patterns has added to the uncertainty of the market trend. The current price is close to recent high resistance, which may suppress further increases.
Before the price can break through and stabilize above the resistance level of 91500, it is advisable to be cautious in chasing long positions. Pay close attention to the support level of 88500; if a pullback reaches the support and shows signs of a rebound, one can continue to trade long accordingly. Friends who have not had ideal performance in recent market operations can consult btc0796 to connect with me for market discussions.
Buy Bitcoin at 88000-88500, with a target around 90500-92500. Protect against 87000.
Buy Ethereum at 1640-1680, with a target around 1680-1820. Protect against 1600.