4.20 Monday morning analysis

Good morning everyone. I am Yifan. Currently, the big coin has, as Yifan predicted, reached the 73,500–74,000 range. First, from a technical perspective: since the price retreated from the 76,200 high, the decline has already approached 2,500 points. During the downward move, there has not been any obvious increase in volume to accelerate a top; instead, after touching the lower band, signs of a bottoming out have appeared, indicating that buy support from below is gradually stepping in. Support near the lower Bollinger Band around 74,087 has begun to show. Although the MACD indicator is still running below the zero line, the spread between DIF and DEA is gradually narrowing, and the green bars are also showing signs of shortening—this is a signal that bearish momentum is exhausting and bullish strength is starting to build.

Secondly, from the market sentiment perspective: the consecutive sell-offs have allowed panic emotions to be fully released. The market’s generally pessimistic expectations often become a catalyst for a reversal. Current price has returned to the lower edge of the prior consolidation platform; at this level, there is strong support from a large amount of positioned capital. As long as the price does not see extreme dumping again, it is easy to trigger short covering by the bears and bring in bottom-funding from the bulls. Yifan’s personal suggestion: around 73,700–72,800, go with a light and cautious approach; first target is around 74,800–75,800. #BTC #ETH #bnb #GatePreIPOs首发SpaceX