4.26 Saturday Afternoon Bitcoin Ethereum Market Analysis
Yesterday at midnight, the long strategy was perfectly executed, with a low point touching around 94300, and then rebounding to a high point around 95200. Friends who followed the idea during the two dips last night should have gained nearly a thousand points in space. This morning, after touching a high near 9510, it subsequently faced pressure and fell back, currently oscillating around 94500 for correction. We still maintain a long strategy this afternoon; short-term traders can try going long with a light position, while more cautious traders should patiently wait for a pullback before laying out long positions.
The 4-hour chart's Bollinger Bands are starting to flatten. At the beginning of the week, it was continuously pressured at the upper band, and in the last two days, it fell to the middle band. The support at the lower band is at the 90000 mark, which happens to be the local range of contraction between 96000-93000. Pay attention to the breakthrough of the range to determine the direction. In the local contraction, treat it with a fluctuation mindset. Before the breakthrough, maintain high and low within the range; follow the trend once it breaks out.
Saturday Afternoon Suggestions:
Bitcoin in the range of 93500-94000, target 95500.
