4.24 Bitcoin and Ethereum Analysis

From the news perspective, Bitcoin and Ethereum are moving in tandem and stabilizing, market risk aversion sentiment is cooling down, funds are flowing back into the crypto market from safe-haven assets, combined with institutional continuous deployment of spot holdings, and there are no major negative macroeconomic pressures suppressing the market. The overall environment is friendly to bulls.

From a technical perspective, the 1-hour cycle is clearer: after a previous surge to the high of 2423 and then a pullback, it is a healthy correction within an upward trend, with the 2280 low point providing strong support, fully releasing the bearish momentum. Currently, the price stabilizes and rebounds around 2325, staying above the lower Bollinger Band, with the Bollinger Bands narrowing and flattening, indicating selling pressure has been thoroughly exhausted, and bullish momentum continues to strengthen. The KDJ indicator has formed a golden cross at a low level and is steadily rising, with bullish momentum gradually warming.

Overall, the news environment provides a bottom support, the technical correction is sufficient, support is solid, and indicators are repaired. Bitcoin and Ethereum have entered a phase of accumulation for a rebound. As long as the key support at 2300 is maintained, the next step is to continue upward and challenge the middle Bollinger Band at 2344, restarting a wave of bullish momentum.

Trading suggestion: Buy at 2260-2295, target 2350-2410.