Crypto Circle Scholar: On April 28th, Bitcoin experiences high-level fluctuations, is the major trend exchange point facing a decisive battle? What should retail investors do? Latest market analysis reference
The current price of Bitcoin is 94000, it's currently 1:30 AM Beijing time, and the weekend fluctuations continue. Several waves of box trading have captured gains of one thousand points each. After the K-line broke below 94000, long positions have already entered, and the rest is left to time. The initial target is to observe the strength at 95000 before deciding on the take-profit point; for now, just hold on. As usual, set up defense and stop-loss points, safety first.
Currently, the daily K-line has a high of 95300 and a low of 93550, forming a relatively clear neckline at the high point. As for the final formation, whether it is a wedge pattern, triangle, or flag pattern, it cannot be judged at this moment, because the major trend has reached the point of exchange between bulls and bears, which is also a dense area of chips. At this time, two extremes emerge: one is a unilateral stretch looking at the 100,000 mark, and the other is a pullback looking at the 80,000 mark. Regardless of where the subsequent trend goes, we only engage in the market within our understanding, and avoid trading outside our knowledge. The EMA is expanding upward, and the 15-period trend fast line has already reached the 90,000 mark and continues to stretch. The MACD top divergence trend is beginning to take shape, and the main force has a previous low for a breakout, with the focus still leaning towards pushing higher to offload.
The four-hour K-line is supported by the EMA15 trend fast line at 94000, which has been consolidating for a long time. The next support point to watch is the EMA30 support at 93000. The MACD top divergence continues, with DIF and DEA spreading downward from a high position. Overall, the trend belongs to a high-level consolidation market, and the Bollinger Bands are nearing the end of contraction. The upper band focuses on 95200, and the lower band support focuses on 93000. Regardless of which side breaks, it may form a unilateral trend, so be sure to take precautions.
Short-term strategy reference: The market is not 100% certain, so always set stop-losses; safety first, small losses with large profits are the goal.
For northern positions, trial points are 93000 to 93500, with a defense at 92500, stop-loss of 500 points, and targets looking at 94500 to 95000, with a breakout at 95500.
For southern positions, trial points are 96000 to 96500, with a defense at 97000, stop-loss of 500 points, and targets looking at 95000 to 94500, with a breakout at 94000.
Specific operations should be based on real-time market data; for more information, you can consult the author. There may be delays in article publication, and this is for reference only with risks borne by the reader.
