4/23 BTC Analysis



BTC 78,800-79,200 Gradually Short

Target 77,600

Second target 76,600

From the market data, it has already started to show obvious signs of high-level stagnation, with the price rallying near 79,444 before pulling back, forming a temporary high point. There is clear selling pressure above, and the upper band of the Bollinger Bands around 79,200 is showing strong resistance, with multiple attempts to stabilize unsuccessfully.

This wave from 74,700 to 79,400, a nearly 5,000-point surge, is clearly controlled by the big players. Currently, crude oil and risk assets are highly negatively correlated. How can both crude oil and risk assets rise together? The market situation of ETH/SOL yesterday already indicated the main force's manipulation of BTC.

Now that the sentiment has been released, everyone can see clearly—it's a complete short.
BTC-1.54%
View Original
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