Daily market analysis series of articles
CryptoMonkey Daily Market Analysis Series
This article was written at 22:40 on April 26, Beijing time
Preface: Investment is risky, please be cautious when operating.
The article is for reference only, welcome to read!
Market Information
1. Chairman of the U.S. House Financial Services Committee: After the passage of MiCA regulations, Europe is leading in Web3;
2. The probability of the Federal Reserve raising interest rates by 25 basis points in May is 76.6%;
3. Federal Reserve: Will release the results of its review of Silicon Valley Bank on April 28;
4. The UK Financial Conduct Authority hopes to work with the crypto industry to develop regulations;
5. The South Korean National Assembly Political Affairs Committee passed the Virtual Asset Investor Protection Act
Market Review
On April 24, the price was around 27,400. I posted on the forum that the daily rise was not over. According to the analysis, there will be a strong c segment, and it is estimated that the bottom will be between 26,500 and 27,000. After waking up this morning, I found that the big cake rose strongly, breaking through the bottom range, and rising strongly. Combined with the good financial reports of some US companies, I decisively posted on the forum that Ethereum would go long at 1860, with a target of 1920. The lowest point of the subsequent pullback reached around 1858, with an error of two points. When it reached 1920, I told everyone to reduce their positions by half, and keep half of the positions to gain more profits to perfectly catch this wave of rise.
Market Analysis
BTC：
From the daily level, as I analyzed before, after the big cake callback to the secondary level center, the center upgraded to 27000 to bottom out, and then it will usher in a strong c segment, and today's trend just verified my point of view. Today, with the good news data, the big cake strongly broke through the bottom shock center interval and started a five-minute level rise and strongly broke through the top of the previous large center. It stopped rising near 0.786 of this decline and began to callback. From the 1-hour chart analysis, the 0.382 position of this wave of rise coincides with the top of the previous center near 29000, so this position forms a strong support. In the future, the big cake is expected to form a second center of five minutes at this position and continue to rise (as shown in the figure). It is recommended to reach the short-term entry point, layout near 29000, stop loss 28500, and target 30000; short-term trading, control risks, and take care of your own profits and losses;
The above is just personal advice and is for reference only!
