4.28 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin continued to consolidate within the expected range, facing resistance at a high point of around 94,500 in the early morning, with prices fluctuating back and forth within a range of over two thousand points. As of today, the market is under pressure again and has moved downward, currently touching the 92,700 level before rebounding. If the price cannot stabilize above 95,000 during the day, there is a risk of further correction in the market.

On the daily chart, after two days of consolidation, the price has also welcomed a correction. Currently, a support level is forming near the seven-day moving average, and overall, the lower level has not been broken, so there is still a risk of continued pullbacks.

On the short-term hourly chart, the coin price has broken below the four-hour midline. Although the price has touched the 92,700 level and rebounded, it is also running back around the 94,000 position. MACD: The four-hour MACD histogram continues to shrink, indicating signs of a death cross between the DIF and DEA lines. RSI: The four-hour RSI is around 55, in the neutral zone, with no obvious overbought or oversold signals in the short term. EMA: The price is close to EMA7 (94,000.93), and if it breaks below, it may form short-term pressure, while EMA30 (93,232.14) serves as important support. A long upper and lower shadow cross star has appeared at the four-hour level, indicating fierce market competition between bulls and bears, suggesting a possible short-term pullback. However, the space is not large, with key support at 92,000. Overall, the coin price is still within the range, recommending to short high and long low.

4.28 Short-term Bitcoin Reference:

Light short position 95,000-96,300 short, stop-loss 97,500 to add, stop-loss: 500 target below 94,000,

Long position 92,000-93,000 long, stop-loss 500, target above 94,500,

4.28 Short-term Ethereum Reference:

Short position: 1,815-1,855 short, stop-loss 1,970 to add, stop-loss: 1,990 target below 1,780,

Long position: 1,750-1,700, stop-loss 30 points, target above 1,790,

The article is sent with a delay, and the strategy suggestions are for reference only. The market is ever-changing. Regardless of how confident one is in market judgments, it is essential to manage take-profit and stop-loss properly to secure gains.