4.28 Morning Market Analysis, When Will the Testing End
After a long period of sideways adjustment, the big coin experienced a volatile upward movement today, reaching a peak of 94517 before encountering a pullback. The aunt coin also moved in accordance, rising to a high of 1807 before pulling back below 1800.
Currently, it is still in the process of testing the support level downward. The four-hour chart shows a further tightening of the range, with technical indicators pointing downward, and a clear trend of intraday pullback. A break below the lower band may trigger another significant downward test.
The hourly chart indicates that the range is expanding outward and the lower band is extending downward. After the price fell below 93500, it oscillated and adjusted below the lower band, with no obvious signals of a stop in the decline. The support at the 93000 level is weak, and breaking this level may just be a matter of time, facing a potential shift in intraday bullish and bearish sentiment.
