Good morning, I am Openg. Today is Tuesday, April 29th, and Bitcoin has shown a long bullish candlestick, with the price rising from 93799 to the current 95089.2, indicating a strong bullish trend. The previous candlestick was relatively short, representing a phase of contention between bulls and bears. This was followed by a breakout, with a clear upward momentum, so the overall trend is bullish.
The MACD has recently shown increasing red bars, indicating positive momentum in the market, with bulls relatively strong. The RSI has entered the overbought zone (59.4), posing a risk of a pullback, but if it continues to maintain a high level, it suggests a continuation of the strong trend.
EMA7, EMA30, and EMA120 are all diverging upwards, with both short-term and long-term moving averages showing good support for the current price rebound.
The latest trading volume has increased (4673), indicating that the inflow of funds is strengthening, supporting the upward trend. The trading volume has sequentially increased over the past few hours, showing improved market activity, with participants' confidence gradually strengthening and overall market sentiment being positive.
That’s the interpretation of today’s overall market situation, offered for your reference. Thanks to everyone for your support and companionship, and I wish everyone good profits today.