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

The market for special coins reversed upwards yesterday, and the intraday short positions were liquidated. The long position at 91500 recovered previous losses, with an intraday gain of nearly 7000 points, breaking through multiple resistances, and bullish sentiment began to warm up. The intraday trend broke upwards again, with the price testing the 94000 level as expected, and the current price is operating around 93640. If it can break through the 94000 line again, the intraday gain is expected to continue. Those who are prudent can take advantage of a short-term long position.

On the daily chart, it can be seen that yesterday's trend finished with a strong bullish candle, and the price has rebounded strongly. The current price is also above all moving averages, with a short-term breakout and rise; however, it has not further broken through the 95000 level. The upper space has not opened up further, and the price is blocked at the 94000 level, showing a slight pullback. This indicates that there is still strong selling pressure in this area. If there is another rebound to this level, there is still a risk of a pullback. Therefore, it is not recommended to blindly chase long positions before a breakout. One should be cautious of the market being pressured into another pullback. It is advised to adopt a wait-and-see approach, go long on pullbacks, and hold light short positions at high levels.

4.23 Bitcoin Short-term Reference:

Light short position at 94500-95600, stop loss at 96800, take profit target below 93000,

Long position at 91200-90500, stop loss at 500, target above 92500,

4.23 Ethereum Short-term Reference:

Short position: 1815-1775, stop loss at 1970, take profit target below 1690,

Long position: 1650-1600, stop loss at 30 points, target above 1700,

The article is delayed in sending; the strategy suggestions are for reference only. The market changes rapidly, and no matter how accurate one is in judging the market, stop-loss and take-profit measures must be taken seriously to secure profits.