Here comes the key report on the cryptocurrency market at noon on April 29th~
Bitcoin (BTC) support level: short-term pullback looking at 92800, strong support at 91600
Long: Lightly try going long in the 91600 - 92000 range, set stop loss at 91000, if the support holds, a rebound is expected
Resistance level: The key level above is 95700, breaking through directly establishes a bullish trend, targeting 96800 - 98500
Short: Conservative traders wait to try short positions near 98500
Bull-Bear dividing line: Pay close attention to 94300 on the four-hour chart, breaking this level will determine the direction!
Ethereum (ETH) defense zone: In the 1736 - 1722 range, pullbacks can lightly go long, stop loss at 1700, guard against a breakdown leading to a sharp decline
Bull-Bear signal: If the four-hour closing price breaks 1803, bulls will strengthen, targeting 1856, 1898, 1955
If it falls below, bears will dominate, probing support levels with SOL in a four-hour bearish trend!
Currently, 145 is the last defense line; if it breaks, directly look at 138 - 135. Those wanting to go long can try with small stop losses in this range
Before it breaks down, wait for the four-hour closing price to stabilize above 148 before taking action~
BNB in a four-hour oscillation mode!
Top: Breaking through 609 opens up a bullish trend, targeting 620, 636, 642
Bottom: Falling below 592 turns bearish, with support at 576, 566
Don't get carried away with operations, manage your stop losses, and let's proceed steadily! #加密市场反弹
On the morning of April 29th, Tuesday, here comes the quick update on Bitcoin and Ethereum market~
Last night, friends who followed our strategy to go long made a lot of profit!
Bitcoin took a big drop late at night but rebounded back to around 94,800 according to the script, easily gaining over a thousand points!
This morning, the price reached 95,000 and still wants to push up. Aggressive friends can take a small position to chase the rise~ Today, our main strategy is still to wait for a pullback to go long!
From the chart, Bitcoin's daily line closed positively, recovering yesterday's loss.
Although it is still in horizontal consolidation, the Bollinger Bands continue to open upwards, overall still quite strong.
On the four-hour chart, it rebounded after dropping to the lower band in the early morning.
Now the K-line is about to hit the upper band; if it breaks through the pressure level of 95,700, the bulls can continue to charge!
Operation Suggestions:
Bitcoin: Boldly go long at 94,300-94,800, aiming for 96,000!
Ethereum: Enter at the range of 1,730-1,780 to go long, aiming directly for 1,880!
Follow the rhythm, and enjoy the profits without getting lost~ #Strategy增持比特币
Hey, everyone! How's the pancake market looking this morning?
Here are the key points for you!
1. Technical signals MACD: Daily chart shows a top divergence, the 4-hour bullish momentum is weakening, and a short-term pullback may be on the horizon!
RSI: Hourly chart is overbought (RSI breaks 70), need to take it slow.
KDJ death cross has just formed, and the bears haven't 'gained strength' yet.
Moving averages: MA10 is above MA30, currently bullish.
However, if it breaks below the 20-day and 50-day moving averages, the trend might change!
2. Key price levels Support: 85500-86000, if it breaks below this
it could drop directly below 83000!
Resistance: 94500, if it breaks through, it can challenge the psychological barrier of 96000!
3. Trading advice: Wait for the price to pull back to around 93000-92500, and then decisively go long!
Target directly towards 94500-96000!
But remember, the crypto market is highly volatile, so manage your risk well and don't get too carried away~ #加密货币总市值重回3万亿
In just 4 hours, it surged 75%, jumping from $9.156 to $16.092, with a trading volume skyrocketing to $1.928 billion!
Why the explosive rise?
1️⃣ Trump is personally involved! He announced he will attend the TRUMP dinner on May 22nd.
This IP is directly maxing out, with traffic and funds pouring in.
2️⃣ The hunger marketing is incredible! The dinner is only open to the first 220 wallet addresses, leading retail investors to FOMO and chase the rise.
3️⃣ The technicals are taking off! A strong breakthrough at a key level, golden cross on moving averages, and speculative funds are flocking in.
Currently, at $16.092, it is already overbought (RSI skyrocketed to 80+), and a pullback to $13.06 is expected.
Operation suggestion: Don't chase the high now! Wait for a drop to $13.06 to buy in with a small position.
Target $18 for profit-taking; decisively stop loss if it falls below $12! #特朗普称无意解雇鲍威尔
Family! A major upheaval in the crypto world overnight!
Bitcoin's total market capitalization has again broken through 3 trillion USD, the last time it was this crazy was during last year's bull market!
In just two weeks, it surged by 20,000 points, and overnight it skyrocketed by 7,000 points. What happened to the promised peak?
It’s just a new starting point!
Why has Bitcoin gone wild this time?
1️⃣ Trump's tariffs have "cooled down," significantly reducing global trade pressure!
2️⃣ Crypto-friendly Paul Atkins is at the helm of the SEC, there’s hope for the future!
3️⃣ Trump angrily confronted Powell, easing market concerns about the Federal Reserve
4️⃣ MicroStrategy and BlackRock are leading the "buying spree," institutions are hoarding coins like crazy!
5️⃣ There’s a glimmer of peace in the Russia-Ukraine situation!
With so many positive factors coming in, the bulls have taken off, and the signs of a bull market are becoming stronger!
Now Bitcoin is being very "rebellious," it’s not following the declines in the US stock market or gold
When it rises, it’s fiercer than anyone else! However, a sharp rise will always lead to a correction, it just depends on whether we can hold onto our positions! For more information, contact #加密货币总市值重回3万亿