4.25 Big Cake Afternoon Market Analysis and Trading Suggestions
Recently, after a series of upward bullish candles, the daily chart is at a critical stage of long and short battles. From the capital flow data, although there has been a brief outflow of main funds, the overall trend still shows a buying on dips pattern. The current pullback is a normal technical correction and may be a setup for a false breakdown. The short-term market remains strong, with support showing at lower levels, and combined with the KDJ indicator forming a golden cross in the oversold zone, there is hope for a second upward attack after the stop loss.
On the 4-hour level, after a slight decline, there is a small rebound. The price has not effectively broken below the key support level of the middle track. The MACD indicator's green bars are continuously shortening and are about to form a golden cross, while the moving averages are in a bullish arrangement. Multiple technical signals are in resonance, and the bullish signals are evident. Attention should be paid to the resistance level around 94000; if it can break through with volume, the upward space will be further opened.
Trading Suggestions
Bitcoin: Go long at 92500 - 93000 with a target of 95000
Ethereum: Go long at 1730 - 1760 with a target of 1850
