25/04/30 BTC monthly line is about to close, daily line has continuous doji stars, May's trend is very critical
The monthly line is about to close, volatility will be quite large and needs attention. The monthly line has rebounded to half of February's big bearish candle, the strength of the rebound next month is crucial, 100,000 is still a key watershed; if it can stabilize, then we can continue to look for a rebound.
The weekly line is likely to close as a doji star; this is quite similar to last year's drop to the lower Bollinger Band and then rebounding. If it breaks below the middle band again, caution is advised.
The beautiful valley opened and retested, but as of the time of writing, there has been a spike. Pay attention to whether it can continue to rebound upwards. The tense situation in India and Pakistan, and the rebound of the dollar index was previously mentioned regarding the negative correlation between the two.
Bitcoin
The daily line has been in narrow fluctuations for about a week at 91600—96000. From the perspective of wave theory, even if it can continue to break through in the short term, it won't go high. There is a possibility of dropping back after a breakthrough; still looking at the 4th wave pullback of the 5-wave structure before considering.
In terms of naked K, it has rebounded to below the pressure level of the platform broken in February. In terms of moving averages, there is a potential duck bill pattern, still looking at pullbacks for more entries.
Support: 89600—91600
Resistance: 96000—100000
Ethereum
The monthly line has dropped to near the lower Bollinger Band and rebounded. The weekly line has a morning star, and the daily line has continued to fluctuate for 9 days. In the short term, if there is a pullback or a spike, it is still bullish.
ETH/BTC exchange rate has stabilized after a spike, pay attention to further downward spike rebound opportunities, looking forward to Ethereum catching up. In the altcoin sector, SUI, SOL, STX, TRUMP... are good for finding entry opportunities on pullbacks.
Support: 1677—1722
Resistance: 1857—2100
