4/23 Strategy Tips
Bitcoin strongly broke through the target at night, closing with a strong bullish candle on the daily chart. The bulls still dominate, and there are currently no bearish signals. Today, pay attention to the 90000-92000 support levels for top-bottom conversion. If it maintains upward movement in the short term, it indicates no deep pullback here, and will subsequently challenge the 96000 reversal level. At that time, be cautious of a pullback after reaching a high. If it drops below 90000 during the day, watch for a pullback signal and support at 88000/86000 before attempting to rise again towards 96000.
Ethereum is making the expected recovery, currently aiming for the target of 1750. Pay attention to the 1690-1700 support levels for top-bottom conversion during the day. As long as it maintains upward movement, it will continue to exhibit a strong form, targeting a breakthrough at 1820, looking towards 1950.
Bitcoin's market share has reached a high, and it will continue to consolidate at high levels. Altcoins and Ethereum are expected to continue rising. Maintain existing positions; for those looking for a swing trade, 92000 is the defense level. Ultimately, it depends on whether we see a pullback at 96000 or the 100000 level, as the end of a rebound could lead to a change in trend at any time.
