4.28 Monday Afternoon Bitcoin Latest Market Analysis
Looking back at the long position strategy from this morning, we have been emphasizing the pullback strategy recently. After the major cryptocurrency dipped to a low of 92700, it began to rebound, currently reaching a high of around 94300 and continuing to rise. This morning, we seized the opportunity during the pullback to decisively establish long positions, successfully exiting with a profit of 1200 points. This afternoon, we will continue to maintain a bullish outlook; aggressive traders may consider taking small positions to test the long side, while conservative traders should wait for a pullback before establishing long positions for a second upward attack.
The current rhythm is very clear, with the major cryptocurrency recovering strongly after several tests. There is strong buying power at lower levels, and the hourly chart has shown four consecutive bullish candles regaining lost ground. The price ratio has returned to operate above the mid-line, and a MACD underwater golden cross resonance has formed, indicating the potential for further recovery. From the daily chart, we can see that the price ratio is attempting to stabilize above the 7-day moving average. The overall market is still in a phase of oscillation following a unilateral trend, and the weekend has effectively digested the market's emotional volatility. Now we just need to wait for the second upward attack.
Trading Suggestion:
Target range for the major cryptocurrency is 93300-93800, looking towards 95500.
