4.20 Crypto Mr. Coin: Bitcoin (BTC) Market Analysis Reference
Yesterday, Bitcoin did not break upward, with resistance at the high of 85600 causing a pullback. Although it rebounded after a retracement to the 84600 level, the overall trend is still in a range consolidation. The intraday market continues the range consolidation from yesterday, with the current price operating near the 85200 position, and the range has slightly compressed.
From the daily chart perspective, yesterday's price closed with a bullish candle, and the market failed to break upward. Both bulls and bears are gradually in a stalemate. The current price is retesting the five-day attack line, and the overall trend continues the fluctuation pattern from yesterday. If it can stabilize at the 85000 level, there is still a possibility of breaking to a new high, so everyone should prepare in advance. Currently, the additional indicators are flattening out, indicating that the intraday expected fluctuation will continue for some time.
On the short-term hourly chart, the Bollinger Bands are parallel and moving forward, with the price fluctuating around the middle band. Market sentiment has once again entered a sluggish state, and as of now, the price fluctuation range is only around a thousand points, with the short-term market leaning towards consolidation. The operation positions should focus on high shorts and low longs.
4.20 Bitcoin Short-term Reference:
Lightly positioned short orders at 85500-86200, with a stop loss at 87500, take profit: 500 target below 84500,
Long orders at 83200-83800, stop loss 500, target above 84500,
4.20 Ethereum Short-term Reference:
Short orders: 1630-1680, stop loss at 1870, take profit: 1890 target below 1590,
Long orders: 1500-1550, stop loss 30 points, target above 1600,
The article was sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly; regardless of how high the judgment and grasp of the market are, always manage your take profit and stop loss to secure your gains.
