April 27 Monday Midday Market Analysis


The one-hour chart's arc bottom pattern has fully completed, with the upward target corresponding to around 79,400 points.
It has started sideways consolidation and shakeout.
The divergence at high levels has lasted too long, and the Nasdaq's continuous growth means any negative news could cause a significant sell-off.
The US stock market bubble is too large.
The new proposal from Iran, which was raised during the US-Iran negotiations, suggests "reopening the strait first, then discussing nuclear issues."
Essentially, it is aimed at easing the current Middle East tensions.
The compensation plan has no chance of passing.
From a capital structure perspective, if the situation eases, the US dollar index often stabilizes or even rebounds, exerting some pressure on the crypto market.
Especially since it is already in a high-level consolidation phase, once external risks are alleviated, it can easily become a reason for short-term funds to realize profits.
BTC Trading Suggestions: Short around 79,300, add positions around 80,000, stop loss at 81,000, take profit at 78,200-73,000
ETH Trading Suggestions: Short around 2,400, add positions around 2,440, stop loss at 2,500, take profit at 2,330-2,200$BTC
BTC-0.26%
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