April 25 Bitcoin Evening Thought Analysis: Is it the calm before the storm?
There is an SEC roundtable meeting early in the morning, and today Bitcoin and Ethereum are oscillating in a range.
From the market data, we can see that the trading volume is very low, giving a bit of a calm before the storm feeling.
Summarizing previous experiences, Bitcoin has a certain risk-hedging attribute, and the crypto market will inevitably rise.
Returning to the market, Bitcoin's lowest point yesterday was a pullback to 916, and this morning it surged again to 944 before retracting. Currently, it is in a consolidation recovery range, but the overall box is moving up. The support at 913 has not been broken after a few days of rising, as if it is gathering strength for a jump, increasing the probability of breaking through the 950 level. Today, the main focus is on Ethereum.
It is recommended to enter Ethereum around 910-920, and observe the pullback range around 945-950 before entering again.
In the crypto space, it is a contest between retail investors and big players. You may have no knowledge at all, but you cannot be without the latest news. Grasping the news gives you a winning edge.
If you are blindly guessing trends in the market alone, you will always end up going against the trend! Let's strategize together in the comments section.
