Mr. Coin in the Crypto World: 4.18 Bitcoin (BTC) Market Analysis Reference

Is this wave going up or down, and what to do next! First, look at the daily chart, the Bollinger Bands are opening upwards, and the price is firmly standing on the upper band, the MACD red bars are getting larger, with a net inflow directly reaching 700 million, indicating a mid-term bullish trend, no problems at all! But looking at the RSI, it has shot up to 80, which clearly indicates overbought conditions, so a technical correction is necessary.

Now looking at the 4-hour chart, the Bollinger Bands are opening upwards throughout, with every pullback to the middle band being firmly caught, and the bullish support is extremely strong, with the upward trend remaining intact. However, on the 1-hour chart, the price started to drop from a high of 78300, the MACD red bars have shortened significantly, and the KDJ is turning down, indicating that short-term momentum has already weakened, and high-level turbulence could lead to a pullback at any moment! In the short term, over the next few hours to a day, BTC is likely to undergo a correction! First, look to support at 77000; if it can't hold, then watch 76000 and 75000. As long as the pullback does not break 73800, the bullish trend remains, and there will still be a chance to reach 80,000; but if it breaks below 73800 with volume, the momentum of this upward trend will weaken directly, so be cautious of a deeper correction!

Friends who are more conservative should not chase the market at this high position, as the cost-effectiveness is extremely low; if you chase, you will be standing at the peak. For those holding short positions, do not hold on stubbornly, first reduce positions to lower risks, and do not confront the trend head-on. Pay close attention to the key support level of 73800; this is the lifeline for bulls, and if it breaks, one must acknowledge it! In the crypto world, survival is more important than anything else. Do not be greedy for those last bits of profit, control your positions well, maintain stop-losses, and we will steadily make progress, with plenty of opportunities ahead! Follow Mr. Coin for real-time market analysis.

4.18 Bitcoin Short-term Reference:

Range between 77800-78800, defend at 79800, stop-loss 500 points, target below 77000.

Range between 73800-72800, target above 74500, stop-loss 500.

There may be delays in sending messages; strategy suggestions are for reference only. The market changes rapidly, regardless of how accurate one perceives market trends, it is crucial to manage take-profit and stop-loss effectively, lock in profits for safety.

 For more daily real-time strategies, online technical learning, and case studies, follow the mentor public account (Mr. Coin Talks Crypto) for addition methods: the first ten each day can receive free strategy suggestions.

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