#加密货币总市值重回3万亿
Price Trend Review and Current Situation
As of April 23, 15:35, the Bitcoin price surged to $93,330 (according to Huobi/Binance platform data), with a 24-hour increase of up to 5.52%. During this period, the highest price reached $93,800, while the lowest price dipped to $88,500. Recently, Bitcoin's performance has been exceptionally strong, successfully breaking through the previous key resistance level of $93,000, and is overall in a robust upward channel.
As we enter April 24, prior to publication, Bitcoin's price is showing slight fluctuations, currently reported at $93,100, down 0.25% from yesterday's closing price. From the intraday chart, after the morning open, the price briefly surged to $93,500 but then faced some selling pressure, leading to a price retreat. On the four-hour level, after breaking through $93,000, the relative strength index (RSI) quickly jumped into the overbought zone, currently maintaining around 72. Although this shows a slight decline from yesterday, it still indicates strong bullish momentum in the short term, but also suggests that the risk of a pullback remains. In terms of the Moving Average Convergence Divergence (MACD), bullish momentum bars are further shortening, and the fast and slow lines are showing signs of flattening, indicating a continuous decline in upward momentum. If the price subsequently falls below the support level of $92,000 (near the four-hour EMA20 line), it may seek further support at $89,000 (where the four-hour EMA50 line is located). On the daily level, the Bollinger Bands are continuously expanding, with prices firmly above the middle band, indicating a strong market state with increasing volatility. Bitcoin has now stabilized at the key price level of $93,000, and if it can effectively break through the resistance level of $95,900 (Fibonacci extension level), it is expected to accelerate towards the $100,000 threshold, initiating a new round of strong upward momentum.
Bullish Strategy: If the price stabilizes at $89,000, investors may consider taking a light long position, setting a target price at $94,000 (psychological resistance level), with a stop-loss set at $85,600. This strategy is based on the judgment that Bitcoin is likely to continue challenging resistance levels after receiving support at the key support level.
Bearish Strategy: If the Bitcoin price falls below $89,000, aggressive investors may attempt to short, targeting $85,600, with a stop-loss set at $90,000. However, it is important to note that shorting carries significant risks, as market trends can reverse at any time, and investors should use this strategy cautiously while closely monitoring market dynamics.
