#Strategy增持比特币 4.23 Morning Market Overview: Is BTC Leading the Return of the Altcoin Bull Market?

Bitcoin opened with a solid bullish candlestick this morning, marking a four-day consecutive rise on the daily chart, with horizontal movement expected during the day.

Yesterday, Bitcoin rebounded strongly, directly surging 7000 points to a high of 94.1, making it feel like a major bull market is back, reigniting everyone's enthusiasm; it has now retraced to the daily support and resistance switching level at 92.7. As long as it does not drop below 92.7, the bullish structure remains intact; fluctuations during the day are expected to be minor, primarily horizontal, with some direction expected in the afternoon as foreigners wake up and the US stock market opens.

Chasing the long position feels a bit impulsive; it’s better to wait for a pullback to enter at 88.5 or 87.8, which is the 0.618 golden entry point, after all, the market needs to digest the sudden 7000-point rise; if the 4-hour chart breaks below the 92.7 daily support, one can enter a short position for protection at 94.1, targeting 91.3 and 88.5.

Yesterday, there was a net inflow of 8220 BTC in the spot ETF, creating the largest single-day net inflow in nearly three months; apart from BlackRock, BRRR, and BTCW, the remaining 8 institutions all had net inflows; this indicates that the market is starting to warm up, and everyone is beginning to take action.

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