April 24th Bitcoin and Ethereum Analysis:
For two consecutive days, Bitcoin has continued to rise sharply. Yesterday, the US stock market opened high, and Bitcoin attempted to break through a new high, reaching as much as 949, but then fell back under pressure, proving that the selling pressure above was too great, and the momentum was weak. In the short term, the control is in the hands of the bulls, which is good news for most people. In the past two days' rally, some people have been trapped waiting for a pullback, while others are waiting for a pullback to re-enter with hopes of Bitcoin reaching a new high again.
Currently, it appears that Bitcoin has subtly entered a range of consolidation, but we shouldn't rely on it too much. As long as it doesn’t break below 913 during the pullback, we can consider it a normal phase of pressure release after the rise. The bulls can enter between 932-937, while the bears can enter between 913-918.
For Ethereum, as long as it doesn’t break below 1700 during the pullback, the momentum can continue, and we can set up positions for the bulls here. Ethereum often behaves erratically, with support above at 1770-1830 where we can consider entering the bulls.
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