4.23 The market has reached a dangerous position, Bitcoin has been fluctuating for a few days, altcoins are catching up

Macroeconomic:

CPI has good news, but the data from the U.S. is starting to be severely manipulated. However, the data indicates that there might be some decent technical market movements coming up, and those good technical movements are expected to be rebounds.

Technical:

The market has completed a breakout, and a significant trend has emerged. Most altcoins have not outperformed Bitcoin; Bitcoin still holds a strong logic. If there is a decline, it will need to fluctuate for a few days. During this fluctuation, altcoins will also catch up for a while. Let's observe first, no need to rush.

BTC Daily - 4-Hour Level Market Analysis

The Bitcoin trend has deviated from expectations; it hasn't fully retraced to 80,000 for me to enter. However, after moving in the right direction, it can still be entered. The market moves according to logic but also deviates from it; Bitcoin is performing too strongly. Now Bitcoin is fluctuating for a few days, and altcoins still have a few days to play; the remaining focus is primarily on risk.

The upper limit pressure is around 94,800, while the bottom support has risen to around 90,500. It is expected that fluctuations will occur around this position. Let's take a look, no need to rush.

ETH Altcoin Size Level Analysis

Ethereum has become a bit firmer, but it is still underperforming. It broke through the strong area around 1,750; if it retraces, it can continue to go long. Around 1,780, stop-loss can be used for speculative trades. The resistance for going up is around 1,850; it still follows the strong breakout logic. Wait to consider shorting when it hits resistance, with a stop-loss, to see if it can bounce back.

The market is chaotic; pay attention to risks. #加密货币总市值重回3万亿 #加密市场反弹