April 28, 2025 Morning Market Review
First, let's look at our market analysis from the morning. We mentioned that the overall trend of BTC is a volatile downward movement. After testing the lower point of 92700, BTC rebounded and rose, forming a V-shaped recovery, climbing up to the high point near 94300, which is a pressure price!
Currently, BTC has reached the important price of 94300, showing a tendency to stabilize at 94000, and the Bollinger Bands are opening up, indicating a technical rebound upward trend. If BTC experiences a slight decline without breaking below 94000, it will continue to rise. We cancel our short strategy at the upper pressure point!
Afternoon Market Analysis
BTC Direction: Currently a volatile upward trend, with a consolidation range of 94000--94500, stabilizing at 94000 and rising to 94800-95300.
Upper Pressure Level: 95300
Lower Support Level: 92700
In the morning, we discussed that the overall trend of ETH is a volatile downward movement. After testing the lower point of 1750, ETH rebounded and rose, forming a V-shaped recovery, climbing up to the high point near 1800, with 1810 being a pressure price!
ETH has reached the important price of 1800, showing a tendency to stabilize at 1800, and the Bollinger Bands are opening up, indicating a technical rebound upward trend. If ETH experiences a slight decline without breaking below 1793, it will continue to rise. We cancel our short strategy at the upper pressure point!
Afternoon Market Analysis
ETH Direction: Currently a volatile upward trend, with a consolidation range of 1793---1815, stabilizing at 1800 and rising to 1832.
Upper Pressure Level: 1866
