April 20 Evening


Thoughts and Analysis:
Bitcoin and altcoins have repeatedly positioned for short positions at current prices and shorted on rallies since the highs of 78,200 and 2,460. The overall space is evident to all. Currently, after the market dipped to around 73,700 and 2,250 in the early session, it rebounded, then moved sideways with narrow fluctuations. Bitcoin's overall rebound strength is relatively strong; since the high point, the retracement has not been very large. Setting aside the news of the US-Iran conflict, the daily moving averages broke downward, forming a strong resistance and support zone around 76,300 and 2,350, with a current rebound but no reversal. There is still room for the market to decline.

Trading Suggestions: Kong
Bitcoin: Rebound between 75,800-76,500, target 74,500
Altcoins: Rebound between 2,320-2,330, target 2,270
#加密市场小幅下跌 $BTC $ETH
BTC2.36%
ETH2.57%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin