4.28 Tuesday morning Bitcoin latest ideas: go long first during the day, then go short



After last night’s Bitcoin dip to 765, it basically traded sideways overnight. At the moment, Bitcoin is consolidating around 770. The high-level short position call given yesterday morning—congratulations to you fellow traders.

As of now, in the four-hour chart, after the bears increased their volume, the move hasn’t continued. Meanwhile, the Bollinger Bands have not shown a downward turn. In the short term, the MACD on the chart is showing a downward death cross, but the volume has not increased. The KDJ is currently in the oversold zone and could turn upward at any time. Right now, the low level has some support—so this morning I’m looking for a rebound.

For reference: consider going long in the 765 area. Target 780. If 780 breaks, continue to look for 790; if it doesn’t break, then reverse and go short.
BTC-1.17%
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