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Daily Cryptocurrency Market Analysis (4.28)
Summary:
$BTC is currently experiencing an upward trend on the daily chart with a pullback on the 4-hour chart. As long as this 4-hour third buy position does not break below 91000, we can continue to look up towards 96000 and 98000. In terms of operations, we can enter using the 30-minute second buy. If it breaks below 91000, then the rebound will provide an opportunity to escape. A break below 91000 marks the beginning of a daily pullback, using the previous high as a reference point, we can enter with a 30-minute second sell to make a daily pullback and reach a new low. Recently, the key support level to watch below is around 91000. As long as this daily rebound does not pierce 99000, there will likely be a new low below 74500. Even if it rebounds above 99000, there will still be a deep pullback, at least down to 82000. The key resistance level to watch above recently is around 99000, with intraday support at 92100 and resistance above 91500, 95000, and 96500. It’s worth mentioning that currently, there are too many short positions trapped below. The main forces have worked hard to push the price up, so the short positions will not be easily released in the short term. We need to be clear about the main forces' intentions. Right now, they are forcing most of the short positions to cut losses. There will be violent market fluctuations in May, and the main upward wave will begin from June to July. 😊 Feel free to like, comment, and share!