Has the market stagnated? Is it going to start retracing?

April 28, 2025, 07:05:38 (Monday)

1. 【Previous Situation Review (Weibo: Listen to the Wind and Rain for Detailed Video Analysis)】

Market Review: The major cryptocurrency experienced fluctuations over the weekend, closing the daily line like a dusk star, indicating a potential start of a retracement. If it does not pull back to the 94575 level before 8 o'clock, the pattern will be confirmed; otherwise, it will continue to rise. Looking at the major cryptocurrency ETF, there has been no retracement, but the weekend did not have the influence of the US market time, proving that there is a demand for a pullback in the major cryptocurrency's price. This price also falls within a fluctuating range, and during the previous rise, it took a long time at this position to reach new highs. Therefore, in the current market, patience is essential. Coming from 84, 85 has already been strong, and a pullback is a healthy rise. Market sentiment needs to be digested to start a new round of market dynamics, so everyone should pay attention to their emotions!

2. 【Today's Market Analysis】

1. BTC 4-hour Real-time Market Judgment Strategy Layout

The current pattern of the major cryptocurrency is not very good; it is quite poor. The pressure near 95 above is strong, and the lack of liquidity above is causing this. The SKDJ has reached the overbought area, and there has been no significant release of volume, so both bulls and bears are still in a game of chance, leaning more towards bears in the short term. The pressure level above is below 95780, and support at 91704 can be tried for a long position.

2. ETH 4-hour Real-time Market Judgment Strategy Layout

Ethereum is relatively strong compared to the major cryptocurrency, with recent trading volume increasing significantly, repeatedly challenging above 1800. The lack of liquidity prevents this price from stabilizing. The SKDJ is overbought, and there has been no significant release of volume. This price is controversial, but the bulls are stronger. However, we need to consider the impact of the major cryptocurrency's weakness. The pressure level above is 1850, with support at 1730, and a long position can be attempted.