$BTC Bitcoin 2025.04.23 Market Analysis
Yesterday the short at 89100 lost 900 points, broke through on the right side and directly chased the long for 4000 points.
This morning I woke up to a high-level sideways market, I took profits on both Bitcoin and Ethereum, leaving 30% of the altcoins for later, and will continue to chase on the breakout.
#btc Bitcoin 92400-91400 is the dividing line between bulls and bears. I thought it would directly start a pullback at 92400, but unexpectedly it broke through and went sideways. If it can stabilize, there will be another wave of upward movement, so if placing orders on the left side, it would be 92400-91400, just set a small stop loss. If it stabilizes, we can see 95000-99000, but if it breaks down, it will start a larger pullback, first aiming for 88888, and we'll talk again when we get there.
#eth Ethereum 1820 is a super strong resistance level. If it can break through, it will directly start an upward 📈 trend.
Currently, it is not the right time to open a short position; we can observe for another 1-2 days.