11 April Bullish Market Analysis


MA7(2,238)、MA25(2,230) moving averages, prices closely follow the moving averages, with support on pullbacks, forming the core defensive position for long positions;
Volume increases during upward movement, decreases during pullbacks, indicating strong capital support, with a 24-hour trading volume of 7.863 billion, high capital attention, providing momentum for the rise;
Currently, the oscillation volume is shrinking, indicating rapid release of selling pressure, with no signs of panic selling during volume-driven declines, and the pullback is a healthy adjustment.
MA7, MA25, and MA99 three moving averages form a perfect bullish arrangement with divergence upward, with prices steadily above all moving averages, MA99(2,194.77) serving as a medium-term strong support. As long as it is not effectively broken, the upward trend remains intact. Going long is a trend-following operation, with a much higher win rate than shorting.
Trading suggestions:
First target 2270
Second target 2300
ETH1,93%
Lihat Asli
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