Preface: Investment involves risks, please proceed with caution.
Article review takes time, and there may be delays in publication. The article is for reference only, and your readership is welcome!
Time of writing: 12:41, April 26th, Beijing time
Market Information
- Huasheng Securities becomes one of the first underwriters of virtual asset spot ETFs;
- CICC: The Fed may only cut interest rates once this year, in the fourth quarter;
- Betting on Fed rate cuts in May and June has been nearly wiped out;
- FBI warns Americans not to use unregistered cryptocurrency transfer services;
- Fed's Goolsbee: The Fed needs to "readjust" its policies;
Market Review
Earlier, we mentioned that there was room for a rebound in the market, but instead of a direct rebound, the "big cake" (Bitcoin) saw a short-term decline. The lowest point of the decline yesterday was at 62794, showing a rapid decline. The previously recommended level near 66200 was broken, and long positions should have been stopped out. After the decline last night, a long lower shadow was formed, indicating that there will be a continued rebound during the day, which is a normal trend in the process of decline and rise. As for Ethereum, the short-term support at 3190 that we mentioned was also broken. The lowest point of the decline was at 3072. After the decline, it followed Bitcoin in a small rebound. The short-term decline did not break the trend of continued rebound, as the decline was for a better rebound.
Market Analysis
BTC:
Looking at the 4-hour chart, after a continuous decline, Bitcoin rebounded, but the rebound was continuously suppressed by the 200-day moving average and did not break through. It then experienced a decline, but without testing the support level below, it rebounded with a lower shadow. The subsequent rebound will continue to rise after breaking the short-term high point of 67222, and it is expected to reach around 70000. Currently, attention should be paid to the situation of breaking the short-term high point of 67222. The opportunity for a rebound during the day is greater. The support level below is around 62700, which is the low point of the decline yesterday. If this level is not broken, Bitcoin will move towards 70000. The recommended entry point is around 63400, and it is suggested to watch for the breakthrough of 67222 and take the opportunity to enter. For short-term trading, manage the risk and take responsibility for gains and losses.
ETH:
Looking at the 4-hour chart, Ethereum's rebound after the decline was not sufficient, and there is still a lot of room above. The decline of Ethereum last night was not as strong as Bitcoin's. The intention of the decline of Ethereum was not very strong. Moreover, before the decline, Ethereum was showing a slow and continuous upward trend, indicating that the market bulls are still strong. Ethereum is expected to continue to rebound during the day, and the subsequent rebound is expected to break through the previous high point of 3293, with the expected level reaching around 3460. The support level below is at 3010, and attention should be paid to the situation of breaking this level. For trading during the day, the recommended entry point is around 3080, and it is suggested to watch for the breakthrough of 3293 and take the opportunity to enter. For short-term trading, manage the risk and take responsibility for gains and losses.
In summary:
After the decline of Bitcoin and Ethereum last night, there will be a rebound during the day. Seize the opportunity to make your own layout.
The article is time-sensitive, be cautious of risks, and the above is only personal advice for reference!
Follow the public account "加密老赵" (Cryptocurrency Lao Zhao) to discuss the market together;
What you think you hear is an opinion, but in reality, it is often just noise. In the market, opinions are even cheaper than cabbage in the market, and are not worth anything. You need to have the ability to distinguish between opinions and facts. At any time, when anyone expresses something, try asking yourself: Are they stating a fact or an opinion?
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
