After the excitement comes the calm, the April Bitcoin battle between bulls and bears has caused a stir in the market, followed by a fierce consolidation process between bulls and bears, repeatedly oscillating between the range of 93300-95500, resulting in mutual destruction for both sides!
The rebound of Bitcoin is limited; after a short-term rise, Bitcoin continues to decline. Bitcoin has not stabilized above the 95500 line in the US market.
Short Bitcoin in the 94600-95200 range, targeting 93000.
The K-hour line shows that the price is oscillating around the 1800 level, with frequent bullish bars but difficult to break through, continuously testing the lower Bollinger Band, and strong bearish pressure.
It is recommended to take light long positions around 1800, targeting 1820; short near 1850, looking towards 1750.
The current OM price is around 0.53, it is recommended to seize the opportunity to buy on dips. Set the stop-loss at 0.51, target price at 0.55, and investors are advised to closely monitor market changes and manage their positions wisely.
The pancake K-line is fluctuating at a high position, with long upper and lower shadows frequently appearing, indicating intense long-short competition. The daily line alternates between positive and negative, with unclear direction. Although the MACD remains positive, momentum is weakening. Operation suggestion: Short at 95000-94800 Target 94000-93000, stop loss at 95300.
The resistance above the market is evident, and the upward process continues to face pressure, lacking unilateral upward momentum. Under the current oscillation pattern, the price is likely to decline subsequently, with 93000 and 91000 points potentially becoming key downward target levels.
Bitcoin weekend risk aversion, after a gap up in the morning session, Bitcoin surged then retraced, indicating that Bitcoin remains under pressure at high levels in the short term, and the rebound in the morning session is still a sell signal.
The one-hour moving average for Bitcoin is still in a death cross bearish arrangement, but if Bitcoin does not decline for a long time, the one-hour moving average may begin to turn upwards, which will reduce the downward pressure of Bitcoin's bearish trend.