April 29 Midday Analysis


Brothers, just look at this chart and you’ll understand how explosive this rally is.
The Bollinger Bands directly open upward, and the price rushes along the upper band all the way. MA7 and MA30 are all in a bullish alignment, firmly supporting the action. The lower low at 75635.6 gets stamped down and held immediately. A single big bullish candle violently breaks through—this is a classic bullish squeeze!

The MACD indicator is even directly showing bullish expansion in volume. The DIF and DEA lines both strongly move upward, with the bullish momentum fully charged up, with absolutely no signs of exhaustion. This move is the institutional funds entering the market, and the bears getting completely flushed out.

As for those who were previously looking bearish and waiting to buy the dip at 75000, now you can only watch the market take off all the way—perfectly missing it! Early morning, I expected 77500 at a key level for “see-哆,” but when I just looked, I realized I was too slow to wake up—too quick to sleep and then too quick to miss the timing. I had it planned, but now that the upper band of the Bollinger Bands is the strongest support, as long as it doesn’t break below the upper band, the bullish trend will keep going. At this time, don’t blindly chase “哆.” Unless you can reach 78000 and then hold steady, one Fan’s personal suggestion is that around 78000-78800 you can try to “箜,” with targets near 76800-76000—make sure you keep your defenses. #BTC #ETH #BTC走势分析
BTC0.59%
ETH2.09%
View Original
post-image
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