Coin Sea Wave: 4.28 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights

Coin Sea Wave: 4.28 Bitcoin (BTC)) Market Analysis Reference:
Bitcoin surged higher and then pulled back, with recent market trends continuing to oscillate downward. From the daily chart perspective, after reaching a local high, Bitcoin's price declined in a series of downward candles but still remains above the Bollinger middle band, which has not been effectively broken. The upper Bollinger band is slightly pressing down, while the middle and lower bands are trending upward. Although the upward channel has not been completely broken, the bullish momentum is clearly weakening.
The MACD indicator shows the DIF and DEA lines turning downward from high levels, about to form a death cross. The positive histogram has disappeared and shifted to a slight negative bar, indicating initial bearish momentum release; RSI has fallen to 47, and the K and D values of KDJ have also turned downward from overbought zones. The overall trend has shifted from strong upward movement to high-level consolidation with weakening, and subsequent risks of testing the support at the middle band should be watched carefully if it fails to hold.
From the short-term hourly chart extending to the 4-hour level, the price has broken below all short-term moving averages such as EMA7 and EMA15, forming a bearish alignment. The current price is near the lower Bollinger band, which is opening downward, showing significant weakness. The MACD DIF line continues to decline below the zero line, with increasing volume bars, indicating strengthening bearish momentum. RSI has fallen near 30, and the J value of KDJ has dropped into single digits. Although there are signs of short-term overselling, no clear golden cross has formed yet. The short-term bearish dominance remains unchanged. If the price cannot quickly recover above the 77,000 moving average resistance, it is likely to continue downward seeking support.
Coin Sea Wave: 4.28 Short-term Bitcoin Market Reference:
Long position: Buy in the 74,600-75,600 range, stop loss 500 points, target 76,000-77,000,
Short position: Sell in the 78,600-77,600 range, stop loss 500 points, target 77,000-76,000,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only. The article may have delays in delivery and is for reference only. Do not operate blindly! Hope everyone can stick to their principles on the investment journey, regardless of how the market changes, and stay rational and calm. #Solana发布量子路线图 #Aave联合多方启动rsETH全额资产修复计划 $BTC