Advisor talks about hot topics:
Speaking of which, after the recent tariff chaos caused by the Chuanzi, old Bao suddenly backed down and flooded the market, inexplicably pushing it up for two consecutive days. Trade wars, tariff tug-of-wars, I’m about to throw up!
Speaking of Bitcoin charging forward these days, Ethereum is just following along to pick up the crumbs. Retail investors complain every day that Ethereum is moving as slowly as a snail, but despite the complaints, it is still rising. After waiting 32 days, the Ethereum spot ETF finally showed some strength.
Increased holdings by more than 6000 in a single day; many people have waited so long their hair has turned white! But what’s the use? Ethereum wanting to break away from Bitcoin is just a pipe dream. The market liquidity is as bad as constipation; Ethereum can only be a follower of Bitcoin.
Additionally, everyone should have noticed that the total cryptocurrency market cap has broken through the 3 trillion mark, which looks quite impressive, right? But is it really that easy for funds to enter?
This market is like a scheming mistress; it’s highly likely to consolidate here before making a false break, waiting for you to cut losses foolishly, and then suddenly pull up, treating you like a monkey! I’ll make this clear: Bitcoin retracing to 91.2k is a certainty.
Another thing is that the market is full of gambling fools! Most people think they are the chosen ones, recklessly leveraging, fantasizing about getting rich overnight. I’ll say it plainly: these people are just waiting to be cut down like leeks!
So no matter whether you are making a profit or a loss on your current positions, you must set your take profit and stop loss! When it’s time to cut losses, do it; when it’s time to run, run! Never hold on stubbornly!
Don't think you can withstand it; this broken market specializes in defeating all disobedience. If you dare to go head-to-head, it can leave you with nothing! In these times, preserving your principal is the way to go; don’t be a gambling fool, as living gives you a chance to turn things around.
Advisor's view on trends:
Resistance level reference:
First resistance level: 94500
Second resistance level: 93900
Support level reference:
First support level: 92500
Second support level: 91500
Today's suggestions:
From a technical indicator perspective, we need to pay attention to the 120-day moving average on the daily chart. As we are currently in the overbought zone, adjustments and consolidation may continue. If the market declines, we also need to pay attention to the 120-day moving average on the daily chart.
The first resistance level is in the range of 93.4k to 94.5k, which can be set as the new selling pressure resistance level. This is the range that must be broken to achieve further upward movement. The coin price may consolidate in this range for a while before attempting to break through.
Currently, Bitcoin is rising sharply in a one-sided trend, but the market movement can't just develop in one direction, so we must be wary of possible corrections and not blindly chase after rises. During the market pullback, it can be seen as an opportunity for ultra-short-term entry.
Currently, the first support level at 92.5k is the previous low point that was held after the market rebounded, which can be seen as the range that must be maintained to sustain the short-term upward trend.
If the market breaks below the first support level, it may open up to the range of 91k to 91.5k. During the day, pay attention to whether the market can hold 92.5k while also retesting the upper edge of the converging pattern.
Advisor's planned entry on April 24:
Long entry reference: 90500-91500 range, light position long, target: 92500-93900
Short entry reference: not currently applicable
