Lunch Thoughts on April 24

After a recent series of consecutive daily rises, the daily structure is currently at a point of contention between bulls and bears, indicating that both sides have opportunities in the short term. It depends on how you grasp this range. The current pullback is also within a normal correction range; a single wave of pullback is not enough to change the trend structure, but it will present certain short-selling opportunities. However, the short-term structure still leans towards a strong continuation trend. Although it has dropped, the lows have already halted in the short term, and in the situation where the decline has stopped, there is still a possibility of further declines in the short-term rebound. After a four-hour downtrend, there has also been a slight rebound, and the current rise has recaptured some lost ground. The four-hour bull-waterline is still near the mid-band, and the price drop has not broken through the mid-band, which gives us a reason to continue being bullish. The bearish energy cannot be said to be absent, but comparatively, it is insufficient to change the overall market trend. Currently, various moving average indicators have also reversed direction towards the bulls.

During lunch, Bitcoin is directly bullish around 92000-92500, initially targeting 94500.

Ethereum is directly bullish around 1750, initially targeting 1830#BTC .