Good morning, brothers, April 23
✅️ Market Review
This round of market has basically been grasped by Brother Yu, you can check my previous blog post, this round is all about slapping the bears in the face
Yesterday, Bitcoin reached a high of 93,888 and a low of 87,076, with an intraday volatility of 7.78%
Ethereum reached a high of 1,778 and a low of 1,537, with an intraday volatility of 15.24%
Yesterday, the overall market rose, driving all secondary spot rebounds
This completely aligns with market expectations
✅️ Today's Market Analysis
As of now, the market prices
Bitcoin BTC is quoted around 92,800, Ethereum ETH is quoted around 1,790, the intraday trend remains bullish, but at this position, the higher we go, the greater the resistance level will be
All spot trends here focus on Bitcoin's two positions
Support at 92,000 and strong resistance at 96,000
If we can effectively break through 96,000 and push towards 100,000 USD, then a new round of explosive market will come again
Intraday pressure and support
BTC resistance 93,000/93,800/94,500
Support 92,000/91,200/90,000
ETH resistance 1,800/1,860/1,900
Support 1,750/1,700/1,630
✅️ Primary and Secondary Spot
When the secondary market arrives, the heat of the primary market will decline, and recently Brother Yu will focus on secondary spots
The sector rotation effect starts from chain games, and the next likely will be AI concepts. The spot currencies recommended earlier are currently rising, just hold on, but at the current position, do not FOMO, as the higher we go, the more we need to be cautious about pullbacks, especially contract players should not get too excited. Yesterday, those who followed Brother Yu to buy Hyper's spot also gained over 30 points
Today's Spot Recommendation
WLD 0.85 spot, oversold + AI concept, not a big problem to catch a rebound!