"April 23 Market Analysis: Where to Look for Bullish Rebounds After a Pullback? The Daily Bullish Trend Remains Unchanged!"


Yesterday's market was very respectful to the chief, with several resistance levels being tested and then pulled back. B friends have also taken some profits here, although there was a small-scale pullback again, the overall daily trend hasn't changed much. Once the bullish trend emerges here, we can still look for key levels to enter long positions on the left side during subsequent pullbacks. Specific coin market conditions are shown below.

$BTC Bitcoin's 15-minute trendline needs attention here; beware of further pullbacks if it doesn't break through. The resistance at 78,500 hasn't been surpassed, so be cautious of a pullback. Down below, the support levels at 76,500 and 75,900 are the first to watch for rebounds.
$SOL Satoshi also mentioned yesterday that the 89 resistance caused a pullback. The trend here shows that after the 86 candle closed below, support is around 84.8. The resistance at 87.2 hasn't been broken, so the market hasn't turned strong yet.
$ETH $ETH Ethereum yesterday pulled back after reaching 2,420. Today, we need to observe when the 2,340 level is broken with a candle close; once broken, support is at around 2,315. First, watch for a rebound at 2,315. The resistance at 2,382 is also important; if it doesn't break through this level, the market can't be considered strong.

In summary, the Bitcoin daily chart shows the establishment of a bullish trend. Although there was a short-term pullback, key support levels haven't been touched, and the overall daily trend remains intact. At these support levels, we can still attempt to enter long positions on the left side, because a good move here could lead us to test near 81,100 for Bitcoin. The risk-reward ratio remains favorable. #Gate13周年现场直击
BTC-0.35%
SOL-1.42%
ETH-0.63%
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SucculentCross-Section
· 04-24 20:20
I agree that the daily chart remains bullish; the structure is still intact, and the pullback is more like a ticket to get on board.
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On-ChainCheatSheetKing
· 04-24 12:32
I will treat 76,500 as the first line of defense; if it breaks, then look at 75,900, and it's also good for stop-loss placement.
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TakeAScreenshotBefore
· 04-24 06:24
The 81,100 target is quite tempting, but I still want to wait for the 15-minute trend line to stabilize before chasing.
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FrontrunFail
· 04-23 12:30
Is the Gate13th anniversary event lively over there? By the way, please also share some ideas for adding more small-cap coins later.
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TheFeelingOfEthInTheSeaBreeze
· 04-23 04:24
Ethereum 2382 is just a rebound, so don't expect a strong rebound; treat it as a rebound for now.
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GateUser-f4ae43e9
· 04-23 03:39
It feels like the current market is just testing patience; it's more comfortable to wait for a confirmation candle at the key level before moving higher.
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RugcheckRoommate
· 04-23 03:37
SOL's recent 89 pullback was caught; if 86 doesn't hold, then watch 84.8. Understand the rhythm.
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KiteAndBlock
· 04-23 03:34
If 78,500 keeps being suppressed, there's a high chance it will bounce back to retest, so don't rush to go all in.
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IHateFalseProsperity.
· 04-23 03:28
You can hold more on the left side, but don't take on too much position; recent fluctuations have been quite fierce.
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BlackVelvetKeychain
· 04-23 03:27
At 78,500, it’s not too bad, but it really is easy for it to wash back and forth. I’m going to try placing staggered orders at 76,500 / 75,900.
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