4.30 Bitcoin Market Depth Analysis and Strategy Sharing
1. Review and Recap of Yesterday's Market
On April 29, we provided a bearish strategy for Bitcoin at the 95500 level. This judgment proved to be an accurate reflection of market trends, with a significant correction occurring in the early hours, where the price dropped to a low of 93700, successfully providing considerable profit potential for investors following the strategy. This fully demonstrates the timeliness and effectiveness of the strategy.
4.30 Bitcoin Market Depth Analysis and Strategy Sharing
2. In-Depth Technical Analysis of Current Market
(1) Hourly Chart Pattern Interpretation
From an hourly chart perspective, Bitcoin's price movement exhibits highly valuable pattern characteristics. Previously, the candlestick chart recorded four consecutive bearish candles, breaking the support of the lower Bollinger Band, forming an intuitive visual signal of “breakdown and decline.” It is noteworthy that when the price touched the 93700 level, a significant lower shadow “pin bar” phenomenon occurred, indicating strong support at this price level, where bears encountered resistance from bulls, prompting a subsequent price rebound.
(2) Technical Indicator Analysis
1. MACD Indicator: The current MACD indicator is at a critical change phase, with green bars continuing to accumulate, releasing important information. In technical analysis logic, the accumulation of green bars in MACD typically indicates that bearish momentum is gradually waning, while bullish strength begins to build, laying the groundwork for a potential trend reversal. This not only serves as potential support for a price rebound but also prepares the technical foundation for the next wave of market movement.
2. Bollinger Band Indicator: The middle band of the Bollinger Bands has become a key dividing line for the current market. If Bitcoin's price can successfully rise above the middle band, it will indicate that bullish strength is gaining an upper hand, and market sentiment is likely to shift from a short-term correction to an upward trend. At that time, the price may once again test the important resistance level of 95500.
3. Trading Strategy
(1) Strategy Recommendations
Based on the above technical analysis, we believe that in the current market environment, 95500 remains a highly valuable key price level. This level serves as both a previous resistance point and creates strong psychological pressure in the market. Therefore, one can attempt to position bearish trades when the price rebounds near 95500. The target price is set in the range of 93500 - 91500, corresponding to a profit potential of 2000 - 4000 points.
