April 28 Morning Analysis


The price has stabilized above the middle Bollinger Band at 76,844.2, with the Bollinger Bands continuously narrowing, completely sealing off the downside space. The downward trend has ended, officially entering a low-level stabilization and rebound phase. The middle band forms a strong support, laying a solid foundation for the bulls to advance.
The MA7 moving average has turned upward, while the MA30 is moving sideways and rising simultaneously. The price is firmly above both moving averages, indicating a short-term trend shift from decline to rise. The convergence of moving averages forms a bullish support line, continuously lifting the price higher, and the upward structure is solid.
A personal suggestion is 76,500-76,000, with a target of 78,000-78,800.
BTC-1.01%
ETH0.06%
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