4.26 Coin Circle Academician: Bitcoin Goes Against the Trend, Who Will Win the Battle Between Bears and Bulls? Latest Market Analysis and Operation Guide

CN
1 year ago

As a senior figure in the cryptocurrency circle, I have always been committed to providing helpful advice to everyone, hoping that people can take fewer detours and make fewer mistakes in this market. Although I advise earnestly, the path of investment still needs to be explored by oneself, and learning is endless. The experience gained is the real wealth!

Strength does not need to be overly displayed; the key is to gain more recognition from others. In the investment journey, it is more important to do well than to prove one's own strength to others. Whether it's a donkey or a horse, you will know once you take it out for a walk.

I am a warrior striving to protect the "leeks" in the cryptocurrency circle, and I wish my fans to achieve financial freedom in 2024. Let's cheer together!

Cryptocurrency Academician: Bitcoin (BTC) latest market analysis for April 26, 2024:

Let's first review yesterday's analysis. The strategy given in yesterday's article was to position short above 65,000, with a target around 64,000 and a long position near 63,600, with a stop loss at 63,000. It can be seen that in the short term, the bearish position is more stable than the bullish position. The suggestion is to continue shorting on the pullback, with long positions as a supplement.

Bitcoin Chart

Looking at today's market, as of the time of writing, the current price of Bitcoin is around 64,500. In the past 24 hours, Bitcoin reached a high of around 65,300 and a low of around 62,800. The overall trend fluctuation is smaller compared to previous washouts, but for us, there is still a space of over a thousand points to capture. The EMA trend indicator is weak, and the daily K-line continues to test the EMA60 support at 63,800. The next trend support point is around 61,000, which can be used as a defensive position. KDJ is starting to converge downwards, indicating a short-term downward space. The MACD volume is decreasing, and the DIF and DEA, which originally showed a converging trend, are starting to diverge downwards. Coupled with the downward trend of the Bollinger Bands, once the K-line falls below the midline of 66,000, the downside space will increase, with the possibility of a pullback to the 60,000 integer mark.

Bitcoin Chart

The four-hour K-line will attempt to challenge the EMA trend line, but fail and break through the trend indicator. The EMA is also alternating downwards and is currently trading sideways around 64,000. Before a clear signal is given, it is advisable to wait for an opportunity. KDJ is expanding upwards, and is expected to encounter resistance near the 65,300 pressure level. The MACD volume is increasing, and the overall MACD trend is not clear due to the convergence of DIF and DEA. The Bollinger Bands are opening up, and after failing to break through the midline of 65,300, the lower support is around 63,100. Overall, considering various indicators, the short position is the main focus, with long positions as a supplement.

Specific operational suggestions are as follows:

Short entry point reference: Positioning between 65,000 and 65,300, exit points between 64,500 and 63,600, stop loss at 65,500 (the range of 65,500 to 66,000 is a point of trend change where the struggle between long and short positions is intense, and there is no need to pay attention to the market until it reaches this range).

Long entry point reference: Entry between 63,300 and 62,800, target between 64,500 and 65,500, with a portion of the position to be held, and whether to open long positions again after breaking through the 66,000 mark, to avoid missing the best entry point, stop loss at 62,300.

Specific operational strategies are mainly based on market data, and for more information, please consult the author. The publication of this article is delayed, and it is recommended for reference only. All risks are at your own discretion.

This article is exclusively provided by the Cryptocurrency Academician and represents the Academician's exclusive viewpoint. There is in-depth research on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above viewpoints and suggestions are not real-time and are for reference only. Reprinting requires attribution. Please control your positions reasonably and avoid heavy or full positions. The Academician also hopes that investors understand that the market is always right. If you make a mistake, you should reflect on your own issues and not let the potential profits slip away. There is no need to be smarter than the market in investment. When the trend comes, follow it; when there is no trend, observe and be patient. It is not too late to act after waiting for the trend to become clear. Tomorrow's success comes from today's choices. The heavens reward diligence, the earth rewards kindness, people reward sincerity, business rewards trust, industry rewards precision, and art rewards heart. Gains and losses are all in the details. Develop the habit of strictly setting stop-loss and take-profit for each trade. The Cryptocurrency Academician wishes you a pleasant investment journey!

Bitcoin Chart

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