米乐哈希猫
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Tonight's pullback is not a reversal. Although Bitcoin has seen a significant drop, from the daily chart perspective, there are still no signs of large-scale distribution from the major players. Currently, the price has retraced to around 940 and is fluctuating.
The previous analysis remains unchanged: as long as the price does not effectively drop below 928, it cannot be considered a reversal! The operators will inevitably accumulate chips and then distribute them after pulling the price to a high level. A waterfall market is likely to occur in May.
From the current market situation, affected by news at 8:30 PM, the market experienced a unilateral decline, but the key support level of 927 has not been effectively broken. Currently, 940 is a critical position for both bulls and bears; if it moves upward, it may continue to test 960, and if downward, it will need to retest the 927 support level.
Comprehensive analysis of the 4-hour and daily trends indicates an overall bullish trend, with strong support at the lower Bollinger Band.
Trading Suggestions
Aggressive traders can directly go long at 940, targeting 950, 955, and 962 sequentially;
Cautious traders may wait for a pullback to the 927-932 range, and enter long after a stabilization with reduced volume.
Bearish strategies can be implemented around 955; if the price surges to 962, additional positions can be added, targeting 945, 938, and 927 sequentially.
The previous analysis remains unchanged: as long as the price does not effectively drop below 928, it cannot be considered a reversal! The operators will inevitably accumulate chips and then distribute them after pulling the price to a high level. A waterfall market is likely to occur in May.
From the current market situation, affected by news at 8:30 PM, the market experienced a unilateral decline, but the key support level of 927 has not been effectively broken. Currently, 940 is a critical position for both bulls and bears; if it moves upward, it may continue to test 960, and if downward, it will need to retest the 927 support level.
Comprehensive analysis of the 4-hour and daily trends indicates an overall bullish trend, with strong support at the lower Bollinger Band.
Trading Suggestions
Aggressive traders can directly go long at 940, targeting 950, 955, and 962 sequentially;
Cautious traders may wait for a pullback to the 927-932 range, and enter long after a stabilization with reduced volume.
Bearish strategies can be implemented around 955; if the price surges to 962, additional positions can be added, targeting 945, 938, and 927 sequentially.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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