4.28 Monday Evening Bitcoin Latest Market Analysis
Looking back at the afternoon's long positions, although we did not get our expected pullback position, those holding long positions in Bitcoin and friends who traded long in the short term should have made considerable gains in this wave. The afternoon low touched around the 93900 line, and then stabilized and slowly rose to the 95400 line, where it faced pressure and retreated. Our recent long position strategy has been on a winning streak, and the evening strategy continues to maintain a pullback and catch the wave strategy. However, the current real-time market is fluctuating around the 95300 line for correction, and since it is at a certain high level, we do not recommend blindly chasing long positions short-term; rather, we suggest lightly trying short positions. From a long-term perspective, we wait for the opportunity to pull back before laying out long positions.
From a technical perspective, in the daily trend of Bitcoin, the Bollinger Bands are tightening, which reduces the price fluctuation space. The upper and lower lines of the Bollinger Bands have become key positions for both bulls and bears. Additionally, the MACD indicator is oscillating around the zero axis, with red and green bars alternating, indicating that the current market trend is not very clear. In the evening, we focus on the pullback and catch the wave strategy.
Operation Suggestions:
Long positions in Bitcoin in the 94000-94500 range, target 95800.
