April 24 Bitcoin Strong Surge Bearish Turning Point Approaching Latest Market Analysis and Strategy

The market has been quite intense these past few days; this kind of surge leaves many who missed it with no options. The rise has indeed been a bit rapid. If you are a newcomer and currently have no positions, I suggest you observe for now and not get carried away in a rush. Those who have been in the crypto space for a long time know how frightening the pullback risks that come with such a market can be, including the sensitivity of price swings. Of course, there are also brave souls chasing the surge, and it is only natural that some people can make profits, as their courage has already far surpassed that of most people. At this time, being able to consistently profit in a bullish market is already the best strategy. The next key point is to stay alive; don't envy others or regret why you didn't buy the ups. Such sentiments are what children do. As a pragmatic person, you must always remain clear-headed.

Currently, the market appears to be in a high-level consolidation phase. On the daily chart, after a large bullish candle in recent days, it is now in a correction phase, but the overall momentum remains strong. The current MACD histogram is negative but gradually shrinking, indicating that the downward momentum is weakening and could potentially reverse. The RSI value is hovering around 50, not entering the overbought or oversold zones, with market sentiment relatively neutral. The short-term EMA7 is closely converging with the long-term EMA30 and EMA120 moving averages, indicating that prices are searching for direction; the next focus should be on breakout conditions. The daily chart currently faces resistance at 95,000, which has been difficult to overcome, so short-term attention should be paid to the risk of pullbacks.

April 24 BTC Trading Strategy:

1. Short at 95,000-94,000, stop loss above 96,000, target 92,000-91,000

2. Long at 91,000-92,000, stop loss below 90,000, target 93,500-94,500

April 24 ETH Trading Strategy:

1. Short at 1,820-1,790, stop loss above 1,860, target near 1,740, continue to look for a downward move near 1,680

2. Long at 1,680-1,710, stop loss below 1,640, target 1,790-1,830