Bitcoin monthly trend and market signal analysis
As of April 28, 2025, at 11:21 AM (UTC+8), Bitcoin's price shows important signals on both the weekly and monthly levels. The annual closing price for Bitcoin in 2024 was $93,583, which is also the opening price for 2025. In the first half of 2025, Bitcoin's price fluctuated mostly below this level, but last week's weekly close was slightly above the annual line, indicating a strengthening bullish trend. Coupled with technical indicators like MACD, the overall market outlook is bullish. The upcoming monthly close price is also above last week's weekly and annual lines; if it can maintain above $93,600 this week, it will further increase the probability of a surge in May. Conversely, if it breaks below this level, it may weaken the likelihood of a stronger performance in the second half of the year. Whether it can stabilize in the coming days will provide key confidence for the overall market trend.
Daily line and short line pullback signals
Although the long-term trend is bullish, bearish signals have appeared on the daily level. Recently, a 'Evening Star' three-K-line combination formed, closing below $94,000 and failing to break through the $96,000 resistance level, validating last week's resistance zone prediction. MACD volume has diminished, indicating the market has entered a consolidation phase, and short-term rises require more momentum accumulation. Investors should avoid chasing long positions at high levels and take profits in a timely manner to avoid being trapped. The current consolidation does not mean a significant pullback, but attention should be paid to subsequent trends to determine if it is a further accumulation for upward movement.
4-hour K-line analysis and support strategy
On the 4-hour level, a top divergence signal has emerged, and today's morning decline was anticipated. $92,700 is a strong support level; if it breaks below $93,600, $92,800 to $92,700 and $91,600 are important support areas suitable for short-term long positions. The current bullish trend is becoming increasingly evident, and missing the low entry points (such as $87,000 to $88,000) may lead to missing out on significant market movements similar to those at the end of 2023 or 2024. Therefore, entering long at $92,800 to $92,700 or $91,600, accepting some high-position risks to seize potential upside opportunities, seems wise.
Analysis of opportunities in the altcoin market
Regarding altcoins, the following assets show buy opportunities on the 4-hour level:
·ENA: The price in the range of $0.32 to $0.33 is an ideal entry point and has a good rhythm.
·STX: A good profit was achieved last week; if it pulls back to the vacuum area of $0.75 to $0.80, a long position can be taken again.
·SUI: Despite a large unlock this week, the price shows strength, and the bearish sentiment may have been digested. Strong support is at the range of $3.35 to $3.40, where a long position can be taken, reflecting the characteristic of 'the strong being stronger'.
·TAO: If it pulls back to the downward trend line around $340, a long position can be considered.
·ONDO: The current price is close to the vacuum area of $0.88 to $0.90, which is an ideal long entry point.
·AXS: The performance of the blockchain game sector in this cycle has been flat, but there is strong support at $2.40; if it touches again, a short-term long can be taken.
·TRUMP: Although the fundamentals are not optimistic, there is short-term swing potential. $12 is a strong support at the midpoint, and around $13.50, a risky long position can also be considered.
Summary and Outlook
Bitcoin's weekly line breaks above the annual line and is expected to close above $93,600, providing support for potential May surges, but the daily bearish signal indicates short-term pullback risks. Investors should focus on buying opportunities between $92,800 and $91,600 while seizing entry points for altcoins like SUI, TAO, ONDO, and AXS. The bullish trend in the market is strengthening, and missing low entry points may lead to missed significant movements; thus, it is necessary to balance high-position risks with potential returns. If there are other assets of concern, please leave a message, and we will continue the analysis next time.