#Strategy增持比特币

4.29 Morning Market Overview: $BTC High-level consolidation waiting for a breakout or breakdown?

The big coin closed with a high position doji candlestick this morning, which is a bearish signal indicating a possible peak. Is the intraday market going to consolidate instead of dropping or oscillate downwards? Yesterday's weekly chart closed beautifully with a solid bullish candlestick.

Today is the Dubai Token 2049 Blockchain Conference, with the big coin at 83 in the Hong Kong meeting in mid-April, and today in the Dubai meeting at 95. Will the curse of falling during conferences be broken this time?

Looking at the chart, the big coin is consolidating around 95 on the 4H chart, wanting to break out but lacking volume, showing price-volume divergence; MACD appears to be about to form a golden cross above the 0 axis, while MACD also shows a bearish divergence at the top;

The Vegas channel EMA144-288 and EMA576-676 have produced a golden cross, while the candlestick is above the support of 88.5 in the Vegas channel and also above the EMA12 moving average. From the above situation, both bullish and bearish opportunities exist, which is somewhat complex; we will execute strategies based on the market movement.

Place a short position at 95.7 with a stop loss at 96.4, targeting 93.8; or enter a short position in the direction of the trend if it breaks below 95 with a stop loss at 95.5; for low-long positions, still choose to ambush near the daily support at 92.8, adding positions between 91.0-91.8, with a stop loss at 91.1 and a target of 94-95; on the right side, wait for stability and enter long positions if it breaks below 92.8.

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