Wednesday, April 22nd Midday Market Analysis



In the morning, the bulls concentrated their efforts and steadily moved upward, repeatedly testing the middle band and quickly stabilizing to recover, with the price firmly above the Bollinger Bands, continuously probing and breaking through the upper band resistance. The Bollinger Bands are expanding upward in sync, maintaining an excellent bullish trend structure, with no effective signs of pullback or breakdown during the session. The upward momentum is strong, and the bulls are fully in control of the market rhythm.

The overall bullish pattern has been established, with a clear and definite single-sided upward trend, and a full-scale bullish rally has begun. The market will continue to follow the strong bullish tone, with further upward space opening up. Short-term minor pullbacks are good opportunities for trend-following long entries, so do not blindly turn bearish due to short-term fluctuations.

Trading Suggestions

Buy long on Bitcoin within the 77,300-77,800 range, targeting around 79,000-80,000, mainly following the trend, strictly controlling position sizes, and managing risks carefully.
BTC2.15%
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