4.25 Friday Lunchtime Bitcoin Analysis
Looking back, the bullish expectation from the morning has been validated. Although Bitcoin did not retrace adequately, it still surged to 94,600 before pulling back, currently fluctuating around 93,300. The market is still dominated by bulls, and it is recommended to wait for a pullback before continuing to build long positions.
On the daily chart, it maintains high-level fluctuations, and the short-term pullback has not extended downward. We should pay attention to whether it can stabilize and turn strong. On the 4-hour chart, 92,000 is a key support level, and we are currently in a secondary retracement phase. It is necessary to assess the rebound strength based on the pattern while also noting the resistance from the middle band of the Bollinger Bands. The hourly chart shows a three-wave adjustment structure, with operations still primarily focused on building long positions. However, if the support is broken, we need to be cautious of further retracement risks.
Bitcoin 927-929 for long, target range 943
Ethereum 1720-1740 for long, target range 1800
