April 29 Wednesday Afternoon Market Analysis


The afternoon session continued the recovery and rebound trend since early morning, with the 15-minute chart showing a clear bullish volume expansion.
From the 15-minute perspective, after the MACD golden cross, it continued to rise, with DIF and DEA widening their gap, and the red histogram bars expanding, indicating that short-term bullish momentum around 77,000 is beginning to weaken.
Today, focus should be on the Federal Reserve's interest rate decision meeting early tomorrow, as well as the ongoing escalation of the Iran-U.S. war and its chain reactions.
A rally is an opportunity for short positions to enter. Based on information, every time the Federal Reserve changes its chair, there tends to be a wave of continuous volume-driven declines.
Be cautious to avoid risks, understand the market clearly, and operate accordingly.
BTC trading suggestion: Try short positions above 77,000, add positions around 78,000, with a stop loss at 79,000, and take profit at 76,500-74,500.
ETH trading suggestion: Try short positions around 2,320, add positions around 2,360, with a stop loss at 2,410, and take profit at 2,280-2,200.
Today may see large fluctuations, pay attention to risks.
If it drops after adding positions, remember to reduce positions and take profits in stages. $BTC
BTC1.59%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin