Tuesday, April 28 Market Analysis


Looking at Bitcoin from the daily chart, the daily line currently remains above the MA120-day moving average, with obvious resistance at around 7.95. Until it breaks above this level, it is difficult to see a strong rebound trend in the short term. On the 4-hour chart, the previous pullback to the MA60-day moving average held, so watch whether this level can again serve as support and start to rebound upward. Also, this level at 7.7 is the MA256-hour moving average resistance on the 1-hour chart.
Ethereum, from the daily chart, is clearly being suppressed by the MA120-day moving average at 2380. In the short term, it remains in a triangle convergence zone with sideways consolidation. Support at the lower boundary can be around the MA30-day moving average at 2250. The short-term trend is expected to be sideways with a slight pullback. If it falls below 2250, the downside space is large, and since the Nasdaq has not yet begun a deep correction, the end of the ceasefire could lead to a significant decline in the Nasdaq, with substantial gains below.
BTC Trading Suggestions: Short around 77,500, add on dips at 78,500, take profit at 76,200-75,000, and continue to watch 70k if broken.
ETH Trading Suggestions: Short around 2,300, add on dips at 2,350, take profit at 2,255-2,180, if below 2,200, it can continue to look at around 2,100.
BTC2.63%
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