4.21 Crypto Mr. Coin: Bitcoin (BTC) Market Analysis Reference

Recently, the Bitcoin market has entered a range-bound consolidation, but the short-term market is relatively weak. Yesterday's market saw a pullback and a rise, with intraday movements maintaining within the range without a breakout. Today, the upward momentum has weakened, and support has shifted downward. However, the short-term oscillation pattern has not changed, with the current price running around 84800. The key resistance above is still at 86000. Until a breakthrough and stabilization occurs, the upper space will not open, and the price increase will not be extended further. Therefore, Mr. Coin advises against blindly chasing prices and to be cautious of a potential price pullback to support.

On the short-term hourly chart, the Bollinger Bands are converging, with the price oscillating around the middle band, touching the lower band support at a low point and bouncing back. The oscillation range is constantly compressing. Currently, various moving averages and the daily DIF (113) are crossing above the DEA (-378). The 4-hour MACD green bars are continuously shrinking to -119, while the fast and slow lines remain above the zero axis. The 4-hour RSI (54.8) has leveled off after exiting the overbought zone, and the daily RSI (52.78) is in the neutral zone. EMA: The current price is stabilizing above EMA30 (84600), with the 120-day moving average (83730) serving as a support zone. There are no signs of a breakout upwards in the short term, so it is expected that the oscillation market will continue for a while. I hope all coin friends prepare in advance. In terms of operations, focus on short positions during rebounds.

4.21 Bitcoin Short-term Reference:

Light short positions at 85300-86200, with a stop loss at 87500 and a target below 84500, stop loss: 500.

Long positions at 83200-83800, with a stop loss of 500, target above 84500.

4.21 Ethereum Short-term Reference:

Short positions: 1605-1655, with a stop loss at 1870, stop loss: 1890, target below 1590.

Long positions: 1520-1470, with a stop loss of 30 points, target above 1600.

The article is sent with a delay, and the strategy suggestions are for reference only. The market changes rapidly, and no matter how high the judgment on the market is, it is essential to manage profit-taking and stop-loss effectively for safety.