April 28 Market Analysis

Yesterday's market, as Long Ge said, left a small tail under the new weekly line after closing the weekly line. This morning, the market dipped to a low of 92700, and the market over the weekend was in a volatile downward trend, completing the last drop of this downward movement this morning.

So will the market continue to decline? Looking back at today's market, we see that the TD9 of the daily level has already appeared. Currently, it seems that today's market closing is showing signs of a stop in the decline, but we will have to wait until tomorrow morning to confirm the final closing. From the daily level, the overall trend is still upward for now, and even if there is a pullback, it is a healthy performance. From the moving average indicators, the 10-day moving average is already preparing to cross above the 120 and 180-day moving averages. Once the upward crossing action is formed, it is highly likely that the subsequent days will follow an upward trend again, but today and tomorrow we need to pay attention to whether there will be a pullback to the 10-day moving average.

Now looking at the four-hour level, we saw a downward line this morning, followed by a relatively large upward bullish line, indicating that the bearish forces here are insufficient. The MACD has not yet approached the zero axis and is already showing a trend of turning upwards again. Whether it can continue to rise smoothly depends on the pressure breakout situation at the smaller level.

At the one-hour level, after pulling back to the Vegas channel support, it rebounded directly and is now at the pressure position. This rebound has shown five consecutive bullish lines at the one-hour level, and it is very likely that in the short-term market, we will see five bullish lines confirming the day, followed by a slight adjustment before directly taking off to break through the pressure. $BTC #特朗普税改

In terms of operations, we are now waiting for a one-hour opportunity to enter the market while also paying attention to the risk of a pullback to the 10-day moving average at the daily level.

Upper pressure: 94500-95300

Lower support: 93850-92800