The large pancake has rebounded to around 93800, the 92700 has taken 1100 points $BTC #加密市场反弹
币海舵手-老刘
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The pancake has broken through the 93,000 mark, reaching around 93,900. It has slightly retraced and is currently adjusting near 92,700, with the trend having reversed! Continue to look up to the 96,000 line, and if broken, continue to look up to 97,800!
In the 92,700-92,000 range, the target is 93,800-95,800.
Continue in the 91,000-91,500 range, with the target at 93,000-94,300-95,800#加密市场反弹
The pancake has broken through the 93,000 mark, reaching around 93,900. It has slightly retraced and is currently adjusting near 92,700, with the trend having reversed! Continue to look up to the 96,000 line, and if broken, continue to look up to 97,800!
In the 92,700-92,000 range, the target is 93,800-95,800.
Continue in the 91,000-91,500 range, with the target at 93,000-94,300-95,800#加密市场反弹
Today, several friends have been asking Lao Liu whether this round of market movement marks the beginning of a reversal or merely a technical rebound. From my perspective, it is more likely that we are still in the 'rebound' phase rather than a trending 'reversal'.
Currently, the downward pressure on the economy still exists, and economic slowdown has become a consensus. Even if we have not entered a technical recession, we must quickly stabilize above the 91700 position in the short term for there to be hope of a reversal.
Additionally, the Federal Reserve has not yet eased its stance, and monetary policy remains tight, with interest rates still at high levels. Lastly, the policy path is difficult; if interest rates are cut early, it will reinforce market expectations of an 'economic recession'; if rates are not cut, it means that the liquidity environment remains tight.
Therefore, the market is temporarily unlikely to usher in a comprehensive trend reversal; in the short term, it still belongs to a phase of structural repair while waiting for data to materialize. The true directional signal may only become clearer after the domestic Gross Domestic Product (GDP) data and economic guidance at the end of this month.
Ether's upward movement is hindered, pulling back near the resistance area as expected. It has dropped over 100 points to $ETH #加密市场反弹
币海舵手-老刘
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Ethereum is currently maintaining a volatile upward trend, and it is expected to reach the resistance range of 1660-1690 before experiencing a volatile pullback for range adjustment!
Target for the range of 1660-1690 is 1600-1560
Target for the range of 1560-1600 is 1660-1690$ETH #加密市场反弹
The pancake rebound reached the resistance area as expected and pulled back, with the pullback taking down the 2100 point space $BTC #加密市场反弹
币海舵手-老刘
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Currently, the short-term upward trend line for Bitcoin seems stable, and it is expected to continue to test the resistance at 88000-88500, followed by a fluctuation and pullback for range adjustment!
Although the current big cake has broken through the resistance of 86000, the 5-day moving average and the weekly moving average have moved their high points down. If it can break through 88800, the upper limit high point will be 91000.
Therefore, only a breakthrough and stabilization above 91700 can be considered a trend reversal. Once stabilized, it can reach 95000 to 100000. Last week, 86400 was a strong resistance, holding firm for more than a week. This morning, after the Asian market rallied, it must first break through 88800 and stabilize before attempting to touch 91000. $BTC #加密市场反弹
4.21 Crypto Navigator: Breaking the Week-long Consolidation, Major Players Positioning, Rekindling Hopes for Bulls?
Hello everyone, I am Old Liu Last week, Bitcoin consolidated for a week, and this morning it finally went up. But everyone shouldn't celebrate too early, because it immediately faces the resistance level of 88000, which has been defended since March 24. Over the weekend, a bunch of unknown altcoins suddenly jumped like they were energized, and on Monday, Bitcoin surged over 2000 points in the Asian market. Old Liu thinks that since the US stock market hasn't shown much improvement, this might be due to funds in the crypto space playing an internal cycle. Of course, this is just Old Liu's personal speculation. With Bitcoin's main force choosing to break upwards this morning, the price has entered the strong fluctuation zone of 86300 to 87700. If it can stabilize above 87300 by the end of these two days, then 90000 is likely to be stable.
Ethereum is currently maintaining a volatile upward trend, and it is expected to reach the resistance range of 1660-1690 before experiencing a volatile pullback for range adjustment!
Target for the range of 1660-1690 is 1600-1560
Target for the range of 1560-1600 is 1660-1690$ETH #加密市场反弹