4.25 Friday Morning Bitcoin Analysis

Yesterday it peaked around 950 but failed to break through the resistance level of 960, then it retreated, hitting a low of about 919. The daily chart shows that after the recent high, there was a decrease in volume, indicating limited room for a pullback.

The current market shows a significant bullish trend, and every time it pulls back, it is quickly pushed back up! Although the Bollinger Bands on the four-hour level have not effectively stabilized above the middle and upper bands, the sharp drop has formed a false breakout pattern. The current pullback is actually a buildup for a subsequent strong rebound, so it is recommended to continue to place long orders on dips.

Bitcoin 930-933 for a short position, targeting the 948 range

#币安上线INIT #币安Alpha上新 #比特币市值排名 #TRUMP晚宴 #加密货币总市值重回3万亿 $BTC $ETH