Morning Analysis on April 24

Apologies for the lack of updates on yesterday's sudden events. Recently, there has been a continuous stream of good news, with Trump making various statements, and strong performance continues to emerge. Bitcoin has also started to experience significant fluctuations, dropping from around 940 to near the 923 line yesterday before making a V-shaped recovery back to around the 936 line at midnight. The market is buzzing with bullish sentiment, and I personally believe it will rise, but not by much. Those who are caught in positions need not panic and should wait for the right opportunity. For the medium to long term, attention can be focused on the vicinity of the 955 line, with a defensive level at 973. Please adjust flexibly according to market trends, be cautious of pullbacks, and maintaining good defense is crucial.

From a technical analysis standpoint, the overall trend remains one of oscillating upward movement, with consecutive positive daily candles. In the 4-hour timeframe, it is oscillating at a high level, forming a pattern of continued upward movement after a slight pullback. The MACD remains in positive territory, with an expanding gap between the fast and slow lines, indicating that it is still in a bullish trend. The RSI is approaching the overbought zone but has not shown significant divergence, suggesting that there may be a need for adjustment in the short term, but the overall trend continues to rise. Given this situation, we still favor low positions.

Pullbacks around 923–930

Targeting near the 932–950 lines.

Pullbacks around 1730–1760 for positions

Targeting near the 1820–1850 lines.