Wednesday, April 23, 2025

In recent days, we have consistently upheld a bullish outlook, and the Bitcoin market has lived up to expectations, rising strongly and making significant gains. In the early hours, the price of Bitcoin successfully broke through the 90,000 mark, and the trend closely aligns with our expectations!

Currently, from the daily chart perspective, there is once again a strong upward trend with significant bullish candlesticks, and the short-term bullish trend is already clear. Meanwhile, the weekly chart is also testing the upper resistance, and although there was a pullback after the surge, the retreat is not substantial.

The daily candlestick is firmly standing above the EMA trend indicator, showing a straight-line upward stretch, with bullish momentum continuing to extend, and the EMA is also continuously contracting upward. The MACD indicator is continuously expanding, with the DIF and DEA crossing above the zero axis and diverging upward, while the large bullish candlestick directly pierces the upper resistance, all indicating that the bullish strength is still strengthening.

Looking at the short-term 4-hour chart, the candlesticks are continuously rising with large bullish movements, constantly breaking through key levels. In the context of strong bullish momentum, all moving averages are continuously rising. Although there has been a pullback for adjustment, the bullish sentiment remains high, and there is still room for upward movement! Therefore, in terms of short-term trading strategy, we remain firmly bullish!

Regarding trading, I personally suggest going long on Bitcoin at the current price near 93,000. If there is a pullback and support at 92,000 holds, you can increase your position and continue to look towards the 94,500 - 95,000 range! #加密市场反弹