Coin Sea Wave: 4.24 Cryptocurrency Market Bitcoin (BTC), Today's Latest Market Analysis Reference, News Interpretation

Coin Sea Wave: 4.24 Bitcoin (BTC)) Market Analysis Reference:
Bitcoin surged higher but faced resistance and pulled back, encountering obstacles and oscillating downward to test support levels. The short-term market overall remains in a range-bound consolidation. From the daily chart perspective, BTC price continues to move along the upper band of the Bollinger Bands. Although it slightly retreated after reaching a recent high, it remains above the middle band of the Bollinger Bands, and the upward trend has not been broken. The MACD indicator shows the DIF line staying above the DEA line. Although the histogram has shortened compared to previous peaks, it still remains positive, indicating that the bullish momentum has marginally weakened but the overall upward trend foundation remains intact. The RSI indicator is still above 50 in a strong zone but shows signs of turning, with upward momentum weakening. The KDJ indicator's three lines are tightly clustered above 70 at high levels, not yet forming a clear death cross. Overall, the market is in a high-level oscillation during the upward process. Short-term pullbacks are more likely technical corrections rather than trend reversals. The daily trend remains predominantly bullish, with key support areas still holding strong.
From the short-term hourly chart perspective, the Bollinger Bands on the 4-hour timeframe have narrowed, with price moving between the upper and middle bands, indicating a clear weakening of upward momentum. The MACD DIF has crossed below the DEA, and the histogram continues to shrink and turn negative. Although the current price has not broken below the short-term moving averages, the KDJ indicator has formed a death cross at high levels and is diverging downward. The RSI has fallen from the overbought zone to a neutral area, showing that short-term bullish momentum is diminishing, and the price faces correction pressure. The current trend is likely entering a retracement confirmation stage. Support levels to watch closely are the intersection of the middle Bollinger Band and the EMA20 moving average. If support holds, the correction may continue the daily upward trend afterward; if support is broken, further downward support levels may be sought. Traders should prepare for risk management accordingly.
Coin Sea Wave: 4.24 Bitcoin Short-term Reference:
Long position: Buy in the 75,800-76,800 range, stop loss 500 points, target 77,000-78,000.
Short position: Sell in the 79,500-78,500 range, stop loss 500 points, target 78,000-77,000.
The article delivery may be delayed. These are personal opinions and 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. #比特币反弹 #沃什听证会引发争议 $BTC