Morning Analysis of Big Cake and Ethereum on April 28

After the fluctuations over the weekend, the price comparison continues to oscillate on Monday morning, currently hovering around the 94500 line. The weekend has passed without much volatility in the price comparison. The upper pressure remains unbroken, while the lower support is very strong. However, last week the price comparison also surged to around 95700, and the weekend's peak reached around 95200. As the lower lows continue to rise, short-term support continues to move up, making it unwise to blindly short at this time. If the price remains stable above this level, we can consider entering long positions.

From the current market, it's clear that after stopping the new round of declines near 93500, the market has shown a rebound. However, the daily structure has not shown any significant changes, closing with a standard doji star. In the short term, the price remains within an upward rebound channel, and the overall structural trend still maintains a recovery. The morning's rebound was also within our expectations, and currently, the rebound is merely a corrective action after hitting a bottom. We should continue to pay attention to the continuation of the market's rebound. On the 4-hour chart, the price made a slight correction after the decline. Although it could not break through again, the previously mentioned short-term support has been reclaimed, so we can focus on making low long positions around the lower support.

BTC Short-term: 93400–93200 low long, Target 94500

ETH Short-term: 1770–1750 low long, Target 1850#ProSharesTrustXRPETF #币安Alpha上新