4.25 Cryptocurrency Mr. Coin: Bitcoin (BTC) Market Analysis Reference

The bullish sentiment for Bitcoin weakened yesterday, with the price continuously breaking below the short-term support of 92,000. Currently, it has rebounded around the low of 91,600, which is a decline of over 3,000 points from the high, and the subsequent rebound strength is not strong, facing resistance near 94,400. The current price is around 93,000.

On the daily chart, yesterday's movement closed with a bullish candle and a long lower shadow, indicating a strong support below. On the short-term hourly chart, the Bollinger Bands are opening, and the price is moving near the middle line during the retracement phase. Although the price touched the 91,600 line and rebounded, it formed a four consecutive bullish candles pattern, showing some short-term recovery. However, the price is approaching the middle line support of the Bollinger Bands. The MACD on the 4-hour level shows that both the fast and slow lines are below the zero axis, and the MACD histogram is negative, indicating that the current market is in a consolidation trend. The EMA on the 4-hour level shows that the price fluctuates between EMA7 and EMA30, with EMA7 crossing below EMA30, indicating that the short-term moving averages are exerting pressure on the price. Additionally, the recent price shows a downward oscillation trend on the 4-hour level, with the highs gradually lowering and the lows also declining. The intraday retracement trend continues, but it is crucial to monitor the support level of the 4-hour Bollinger middle axis. If it does not break effectively, the price will continue to consolidate at high levels. The strategy can be to short at high prices and long at low prices.

4.25 Bitcoin Short-term Reference:

Light position short orders at 94,500-95,600, with a stop-loss at 96,800 and a target below 93,000.

Long orders at 91,800-90,800, with a stop-loss of 500 and a target above 92,500.

4.25 Ethereum Short-term Reference:

Short orders: 1,805-1,845, with a stop-loss at 1,970 and a target below 1,690.

Long orders: 1,680-1,730, with a stop-loss of 30 points and a target above 1,770.

The article is sent with a delay; the strategy suggestions are for reference only. Market conditions change rapidly. Regardless of how accurate your market judgment is, always set take-profit and stop-loss properly to secure profits.