April 23 Morning Bitcoin Analysis


Currently, Bitcoin is in a correction and consolidation phase after an upward move, with the Bollinger Bands narrowing and the MACD showing a death cross, indicating a short-term bearish trend. However, the support below is strong, and overall it is in a high-level consolidation.
For trading, it is recommended to mainly buy low and sell high within the range, waiting for the Bollinger Bands to open up and the trend to become clear before adding positions accordingly.
Above, look at 79,000-79,500; if it faces resistance and pulls back, consider light short positions; if it breaks through strongly, target 80,000.
Below, look at 77,500-77,000; if it retraces without breaking below, consider light long positions; if it breaks below, target 76,000.
Currently, the Bollinger Bands are narrowing, and volatility may increase. Be sure to set stop-loss orders to avoid holding onto losing positions. $BTC $ETH #Gate13周年现场直击 #WCTC交易赛瓜分800万USDT #比特币反弹 #美伊二轮谈判进展 #Arbitrum冻结KelpDAO黑客ETH
BTC-0,57%
ETH-1,9%
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