4.28 Initial Morning Thoughts Analysis
The trading volume was sluggish over the weekend. Although there was a slight increase in the early session yesterday, the trading volume decreased, indicating weakened upward momentum. From a 4-hour technical analysis perspective, although the MACD indicator shows a bullish market, the decrease in trading volume and the K-line being a bearish candle indicate insufficient upward momentum, suggesting a potential need for a pullback in the short term; the RSI is around 45, indicating a relatively neutral market. EMA7 provides support; EMA30 and EMA120 show that the short-term trend remains weak.
Recommended Bitcoin
922-928 bullish, with a stop at 91600 and a target of 93500-94300
Ethereum
1720-1750 bullish, with a stop below 1680 and a target of 1800-1840