Analysis $BTC on April 27:
- D1 Frame: BTC finally shows signs of correction on smaller frames when this morning it swept one last fake pump up to 952x, creating a downward peak model.
This correction phase will probably extend into May to create the bottom for the May candle before continuing to rise.
Support: 930-915-900
Resistance: 945
- D4 Frame: The D4 candle just closed this morning continues to be a green candle, but with low volume and fairly balanced two wicks, so I think the recent D4 candle will turn into a red candle with quite long wicks.
The expected bottom range will be 91-92.
- W Frame: the range 93-94 looks very good. If this price range is maintained, BTC next week will continue to be green and have a long price path.
=> Analysis:
- Ignoring FOMO psychology, BTC has completed the peak of this uptrend at 95x, and BTC will undergo a fairly long correction period, about 7-10 days before continuing to rise and create a new peak.
- To what range will BTC correct? Most people expect it to reach the 88-90 range to fill the gap. However, in my assessment, BTC will only drop to the 91-92 range.
- In my group, I have also planned for everyone to combine short trades to hold the main position, which is Long.
Wish everyone good luck!!!