4.26 Cryptocurrency Market Analysis
Bitcoin 4-hour chart shows a technical pullback, with resistance levels at 95350 and 95750. If it cannot effectively break through, a double top structure will form.
Support levels are at 93650 and 92000. If the price breaks below these points, it will further confirm the pullback trend.
The US and China are still tugging due to tariffs. Even though US stocks are rising this morning, BTC has not followed and has turned into a consolidation. This indicates that emotional stimulus for capital buying is insufficient. Or, as prices rise, chips are frequently changing hands.
Currently, there are no more emotional stimuli to drive a bullish surge.
The next event affecting sentiment will be the macro data GDP and PCE on 4.30 next week.
The market remains primarily event-driven, with the positive and negative impacts of events determining the short-term direction of the risk market. However, from a longer-term perspective, GDP data may be the main reason affecting investors' risk appetite.
Short Bitcoin at 95300-96200
One must act in accordance with the trend, always remain rational, defend well, and never blindly resist! Wishing you all the best, seize every opportunity, we will continue to move forward together!
