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

Bitcoin continued to consolidate during the day without breaking through the key resistance above. The price moved in a fluctuating upward trend but did not break through the key resistance above. After a slight pullback to the 93300 level, it has slightly rebounded, and the current price is operating around 94500. The price maintained fluctuations within the range during the day, with a relative decrease in the range compared to yesterday.

From the daily chart, yesterday's candlestick closed as a doji, indicating a balance between the bullish forces. The current price is stable above the five-day moving average, and the five-day moving average is starting to trend upward. However, the Bollinger Bands are slightly tightening, and the resistance above is slowly descending. Additionally, the bullish momentum is not strong, so in the short term, the consolidation trend is expected to continue. Mr. Coin believes that if the price cannot effectively stabilize above 95000, the upper space cannot be effectively opened, and the market will likely remain in a high-range consolidation.

From the four-hour chart, the trend is maintained above the middle band of the Bollinger Bands. The current price is near the central axis, operating around the five-day and ten-day moving averages. The MACD on the four-hour level shows both fast and slow lines in the positive area, but the MACD histogram indicates a narrowing trend. The RSI on the four-hour level is at 54.75, close to the neutral area, without entering the overbought or oversold zones, indicating relatively balanced market sentiment. The price is currently near EMA7 (94428.91), with EMA7, EMA30, and EMA120 all in a bullish arrangement. The four-hour level shows a fluctuating upward trend, but the latest candlestick has shown a slight pullback, with the closing price slightly lower than the opening price, forming a small bearish candle, indicating some selling pressure in the short term. Overall, it is in a high-range consolidation, and the operation suggests short on high and long on low.

4.29 Bitcoin Short-term Reference:

Light Position Short at 95000-96300, Stop-loss at 97500, Take Profit: below 94000,

Long Position at 92000-93000, Stop-loss at 500, Target above 94500,

4.29 Ethereum Short-term Reference:

Short Position: 1815-1855, Stop-loss at 1990, Take Profit: below 1780,

Long Position: 1750-1700, Stop-loss 30 points, Target above 1790,

The article may be delayed in sending; strategy suggestions are for reference only. The market changes rapidly, and regardless of how accurate your market judgments are, be sure to set your take profit and stop-loss to secure your gains.