4.16 Double Bottom Analysis



The double bottom surged to 2385 yesterday, then met resistance and fell back. It is currently trading along the upper-middle band of the Bollinger Bands, with the upper band at 2377.90 forming a strong pressure, and the middle band at 2345.41 serving as a short-term bullish defense line. The KDJ indicator is in a neutral zone. The J line turns upward from a low level, showing that the short-term decline has temporarily eased, but it has not formed a golden cross reversal signal. Bullish momentum is converging, and the market is leaning toward sideways consolidation and stabilization.
The Federal Reserve’s policy expectations are relatively hawkish, and the strengthening U.S. Dollar Index suppresses risk assets; on top of that, with geopolitical sentiment repeatedly fluctuating, the market lacks a one-way catalyst.
Trading suggestion: 2390-2420, support, target 2300-2200.$GT $BTC
GT1,43%
BTC0,02%
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