Cryptocurrency Li Ying: Is the Bitcoin sideways trend ending on April 27? Ethereum quickly surged and then rapidly fell back, with the main players cashing out at high positions! Latest market analysis
Cryptocurrency Li Ying: Latest market analysis of Bitcoin on April 27
Article published on 2025.4.27 — 00:50
Current price of Bitcoin is 94300. To start, Li Ying wants to mention that Bitcoin has dropped to around 94000. Has everyone entered the market? Although it has been sideways over the weekend, it has already retraced to the support point, making it a good entry point for long positions. Everyone can refer to this. Currently, the candlestick chart is fluctuating between 94000 and 95000, forming a relatively stable sideways consolidation pattern. Therefore, as long as one is not greedy and there is profit to be made, it is possible to capture short-term long positions because there is significant pressure above, but support also exists at the bottom, so one can take short-term longs. The technical indicator MACD shows that the downward momentum is weakening, which may turn into an upward trend. The EMA shows a bullish arrangement, indicating that the overall trend is still upward. Under this unchanged bullish trend, Li Ying chooses to follow the trend and mainly take long positions, temporarily not considering shorts.
Today's point forecast from Li Ying
Long entry point at 94000, add long at 93000, stop at 500 points, target 96000
Short entry point at 96000, add short at 97000, stop at 500 points, target 94000
Ethereum analysis
Current price of Ethereum is 1880. Yesterday during the day, the price surged but did not reach the predetermined target. Ethereum showed a rapid surge followed by a quick fall, which is a typical sign of main players unloading. In the short term, it will maintain a range below 1840. Currently, the candlestick chart is slightly fluctuating around 1800 in a minor consolidation pattern. The daily line has shown an upward trend for several days, but the high did not break through the previous resistance level of 1841.16. The technical indicator shows that there may be a pullback pressure in the short term on the 4-hour chart. The EMA trend indicator is in a bullish arrangement, so Li Ying's view is that the medium to long-term trend remains strong, and the approach of sticking to low long positions remains unchanged, with high shorts as a supplement.
Today's latest point reference
Long entry point at 1750, add at 1720, stop at 30 points, target 1800
Short entry point at 1840, add at 1860, stop at 30 points, target 1750
The above analysis by Li Ying is based on market data and candlestick trend analysis and does not constitute investment advice. For reference by family members. $BTC