Evening BTC Insights on 4/24
The Bitcoin market showed weakness during the midday session, with a downward fluctuation touching around 91600, followed by a rebound to about 92500.
The market only shows signs of stabilization, with prices still hovering around the mid-range, and the rebound strength is limited; on the technical side, the overall situation remains unchanged, with the KDJ indicator showing a golden cross signaling a short-term upward trend. However, caution is advised for high-level pullback risks, while the MACD indicator suggests that buying pressure is increasing, potentially supporting the market to continue rising.
In terms of operations, attention can be paid to the price's battle for the mid-range. If the price remains stable at the mid-range and the MACD stays in the positive region, a light position can be taken for low-position buying based on the volume-price relationship.
Trading Suggestions
Buy around 91800, target 94000