4.20 Bitcoin is about to break, slight pullback continues to enter long positions
In the 4-hour view, recent prices are fluctuating near the middle band of the Bollinger Bands, showing an overall downtrend.
In the short term, although prices are close to the middle band of the Bollinger Bands, they have not shown a breakout trend. The appearance of a waist belt line may indicate some reversal signs. However, due to the previous occurrence of multiple bearish signals, such as top distribution patterns, black three soldiers, and bearish engulfing patterns, downward pressure still exists in the short term.
Currently, the market lacks a clear breakout direction, so closely monitor key support levels and pattern changes. When the price approaches the support level near 84141, simply wait for a pullback to enter long positions. If a clear reversal occurs, the trend direction needs to be reassessed. Friends who are not satisfied with recent market operations can consult btc0796 to find me for discussions on market trends.
Long on Bitcoin at 83500-84000, target around 86500-88500. Stop loss at 82500.
Long on Ethereum at 1540-1570, target around 1680-1820. Stop loss at 1500.
