April 23 Morning Market Analysis



The 4-hour chart touched the middle band of the Bollinger Bands and then rebounded with consecutive positive candles, but the short-term upward momentum has clearly slowed down. Coupled with the long upper shadows on the candlesticks, there is heavy selling pressure above, and the market urgently needs a correction with a pullback. However, the overall major trend remains in an upward channel without change, so this morning we first look for a bearish pullback to gather strength, and after stabilizing at support levels, gradually add long positions.

Trading Ideas
Bitcoin: First look for a pullback to support around 77,000, then go long after stabilizing, targeting the 80k level.
Ethereum: Look for a low buy on dips around 2,350, with the overall target up to the 2,500 level.
BTC-0.57%
ETH-1.9%
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