April 20 Bitcoin Market Analysis



MA7 (74,236.7): Price is below MA7, indicating clear short-term resistance.
MA25 (75,010.8): As a medium-term moving average, it shows a downward trend and is a strong resistance level for current rebounds.
MA99 (75,557.1): Long-term moving average, positioned higher, forming multiple layers of resistance.
Conclusion: Moving averages are arranged in a bearish configuration, with the price suppressed by multiple moving averages, typical of a rebound in a downtrend.
DIF(-389.5), DEA(-358.6): Both lines remain below the zero axis, and DIF is below DEA, indicating the bearish trend has not changed.
Trading Suggestions:
First target: 73,669
Second target: 73,000 round number
BTC-0.54%
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