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4.28 Bitcoin Afternoon Analysis

Through daily chart analysis, Bitcoin has clearly faced pressure after reaching the upper track of the upward channel, with short-term candlesticks showing long upper shadows, indicating strong selling pressure above. The 4-hour level shows sideways consolidation, with the Bollinger Bands extending horizontally, suggesting that short-term fluctuations may continue. The hourly chart shows a balance between bulls and bears, but the support below remains solid. Overall, it is recommended to maintain a range-bound trading strategy, paying attention to the volatility opportunities between key support and resistance levels, and adopting a high-sell low-buy strategy to capture the rebound within the range!

Bitcoin Trading

Short near 94500 looking down to 93000