24/04/08BTC halving countdown 12 days, the convergence triangle is under pressure, reduce positions and wait for the opportunity to buy at the bottom!
BTC rebounded again after filling the gap of 64000-66500 and touched 70326, which happened to be under pressure below the convergence triangle. Spot positions were reduced and waited for the best bargain hunting opportunity? The rebound of the altcoin led by Ethereum was mainly due to the rebound of the ETH/BTC exchange rate from the freezing point of 0.048.
We have said before that the order is generally BTC-ETH-strong rebound, altcoins make up for the rise of B-MEME-slump. We say that this cycle law has been following this cycle since the bear market. After the big cake is finished, it is still under pressure below 70,000. After the Ethereum altcoins make up for the rise, the market is more dangerous⚠️.
In addition, there are still 12 days left for the halving, and it is uncertain whether the good news will turn into bad news. However, judging from the market trend, there is a lot of pressure. The rebound from the fall of 73777 did not exceed 72000, and this wave of rebound did not exceed 70326. The probability of a decline after multiple rebounds to test the high pressure is relatively high. You can operate according to the bottom-picking plan we reminded you before.
Flatbread
The daily line is still under pressure inside the convergence triangle. It is not easy to operate if the upper edge of the triangle is still under pressure at the top of the previous box. The triangle oscillation will continue, and consider buying more after a pullback. For the bottom-fishing plan, please refer to the previous release.
OBV yellow line turns downward, funds are still flowing out, MACD bottom divergence alerts underwater growth and fast and slow lines turn downward. Multiple indicators are bullish, but the market rebound is not strong, so we still need to be vigilant against a sharp decline.
ether
Ethereum BOLL turned downward and narrowed, and has been suppressed by the middle track of BOLL. The daily line is also in a descending triangle pattern. The risk is greater than the opportunity. MACD bottom diverged, but the price did not rebound strongly. The price is above 3678 to be a bullish opportunity. Now it is not ruled out that it will create a new low of 2600-2800. The weekly level callback needs a longer time and space.
The bottom divergence of the ETH/BTC exchange rate depends on whether it can be pulled up. If it cannot be pulled up, the copycat market will continue to fall.
