4.24 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Bitcoin has once again broken upward. In the evening, it rebounded after a pullback, and is currently maintaining high-level consolidation. The price has returned to the 93000 level, and both bulls and bears are again in a stalemate at high prices. The price is close to the 95000 level, stabilizing above 90000. If the price can stabilize above 93000, the upward momentum is expected to continue.
On the daily chart, the price reversed and closed positively yesterday, maintaining above the upper Bollinger band. Market sentiment is relatively sluggish, with the daily level closing positively for two consecutive days and the closing price remaining above 93500, confirming the continuation of the upward trend from 88000 to 94696. However, the K-line body narrowed yesterday with a decline in trading volume, showing weakness in chasing high prices. Overall, the bullish trend is warming, and further upward testing is expected.
On the short-term hourly chart, the Bollinger bands are opening upwards. The 4-hour level shows that after breaking the previous high, the price has pulled back, forming a bearish candle with a long upper shadow, indicating short-term profit-taking pressure. The key support level at 92000 has been tested multiple times but has not broken down. MACD: The 4-hour level DIF (2219) and DEA (1893) maintain a bullish arrangement, but the histogram continues to shorten; the daily golden cross has expanded to 1607/353, and the weekly DIFF (14947) has reached a new high. RSI: The 4-hour RSI (77) is in the overbought zone and needs to be cautious of a pullback, while the daily RSI (67.61) remains in the moderately strong zone, and the monthly level (65.76) shows a bullish tone in the larger cycle. EMA: The price is consistently above EMA7 (92932)/EMA30 (89237)/EMA120 (85510), forming a standard bullish arrangement, with the 4-hour EMA7 (92932) providing dynamic support. Overall, it is currently in a high-level fluctuation. Pay attention to the strength of the pullback during the day, and it is recommended to buy on dips and sell lightly at high prices. If uncertain, it is better to wait for clearer market signals before operating.
4.24 Bitcoin Short-term Reference:
Light short positions at 94500-95600, with a stop-loss at 96800, target below 93000,
Long positions at 91800-90800, stop-loss 500, target above 92500,
4.24 Ethereum Short-term Reference:
Short positions: 1855-1875, with a stop-loss at 1970, target below 1690,
Long positions: 1650-1700, stop-loss 30 points, target above 1750,
