#XRPETF 4.28: Monday Morning Market Overview: Is Bitcoin retracing into a Bat Pattern?

Bitcoin opened with an upper shadow and a bearish candle, continuing to pull back intraday, after seven consecutive bullish days. Now a healthy correction begins as the market demands increased liquidity, welcoming everyone aboard.

92.8 is the daily support level; if it breaks below, we will go to the next daily support at 91.1. Just now, it spiked and returned to 92.8; if it can stabilize around 92.8 and move sideways, then the market can continue to rise to new heights; otherwise, Bitcoin will start a new round of retracement and may test again.

Intraday, we are still waiting to place orders on the right side. If it pulls back to 92.8 and doesn't break, we can open long positions, or if it pulls back and breaks below, we can enter long positions once it recovers above support, with a stop-loss set at the break level, targeting 94.597 and around 95.7; for left-side ambush long positions, the bat point is 92, with a stop-loss at the previous low of 91.6, and the target remains unchanged; conversely, for short positions, if it breaks the daily support without a pullback, we can enter short positions, with a stop-loss at 94 and a target around 91.1.

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