April 22 Morning Analysis



The expectation of interest rate cuts has been repeatedly delayed, and high interest rates continue to suppress risk assets; combined with the approaching expiration of April options, funds are inclined toward safe-haven assets, ETF inflows have slowed, and overall bullish momentum is insufficient. After geopolitical tensions eased, safe-haven buying also weakened, and upward momentum is clearly lacking.

From a technical perspective, the price failed to recover after breaking below the middle band of the Bollinger Bands, remaining below the middle band, with the channel opening downward. Resistance above is gradually strengthening, and there is a risk of support below being broken.
Silk Road rebound sitting on the cloud
Trading suggestion:
Short within the 75,800–76,300 range
Target 73,800–74,300

One sentence:
Bulls lack strength, structure is weakening, so a rebound is a shorting opportunity. #香港证监会发布新监管框架 #香港证监会发布新监管框架 #GatePreIPOs首发SpaceX $BTC $ETH
BTC3.12%
ETH3.18%
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