Crypto Sea Surfing: 4.23 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights
Crypto Sea Surfing: 4.23 Bitcoin (BTC)) Market Analysis Reference:
Bitcoin experienced a strong rebound and surge yesterday, with the price continuously climbing to test high levels and reaching the 79,400 mark before facing resistance and pulling back. As of the time of writing, the price is trading around 78,600.
From the daily chart perspective, BTC is in a clear bullish trend, with the price steadily rising along the upper band of the Bollinger Bands, and all periodic EMA lines are arranged in a bullish order, forming multiple layers of support;
The MACD indicator remains above the zero line with a continuous golden cross, indicating that bullish momentum has not significantly weakened;
Although RSI and KDJ are in overbought zones, there are no signs of a dead cross or turning points at high levels, suggesting that the current bullish strength still dominates.
Overall, the upward structure on the daily level remains intact, and the short-term trend is likely to continue oscillating at high levels with strength.
The immediate support below is at the EMA7, but as long as EMA15 is not effectively broken downward, the upward trend will not be disrupted, and there is still potential to challenge previous highs or even break new highs.
From the short-term hourly chart perspective, the 4-hour timeframe shows signs of a short-term correction, with the price pulling back from the upper Bollinger Band.
Although the Bollinger Bands are still opening upward, there are signs of resistance near the upper band;
The MACD is shrinking in volume, with the DIF line approaching the DEA line, indicating a weakening of bullish momentum;
Meanwhile, RSI and KDJ indicators are turning downward from high levels, suggesting a strong short-term correction or retracement is needed.
Key support levels are near the middle Bollinger Band and the EMA20.
If the price finds support in this area and reclaims the upper Bollinger Band, a rebound and resumption of the upward trend are highly probable.
In trading, avoid blindly chasing highs; patiently wait for retracement and stabilization signals before entering positions for safer trades.
Crypto Sea Surfing: 4.23 Short-term Bitcoin Market Reference:
Long position: Buy in the 76,500-77,500 range, with a stop loss of 500 points, target 78,000-79,000,
Short position: Sell in the 80,000-79,000 range, with a stop loss of 500 points, target 78,500-77,500,
This content is originally shared by [Crypto Sea Surfing], and reflects personal opinions only. The article may have delays in posting and is for reference only. Do not operate blindly!
Hope everyone can stick to their principles regardless of market fluctuations, and maintain rationality and calmness on the investment journey. #美伊二轮谈判进展 #比特币反弹 $BTC