Thursday evening market analysis on 4.23



The current bullish rally in Bitcoin has officially ended, and the downward momentum has completely exhausted itself at the tail end of the decline.
The market strongly resists falling at the lows, with the lows steadily rising, and the overall market center of gravity continues to move upward. The buying support below is sufficient, the downward structure has completely collapsed, and the clear signal of stabilization and reversal has been confirmed.

Previous deep corrections caused serious oversold divergence, and market panic has been fully released and digested. Various technical indicators are gradually recovering and returning to reasonable ranges. The bearish momentum is completely exhausted, and the market has officially entered a bullish recovery and rebound cycle. Profits from long positions at the lows have been smoothly realized, and subsequent positions can be held in line with the trend for swing trading.

Trading reference

BTC: 76,800-77,300 range, buy in batches, with an upward target of 78,500—79,400
ETH: 2,295-2,315 range, buy on dips, with a rebound target of 2,365—2,405
BTC-0.69%
ETH-2.59%
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