BTC 1-hour:

According to yesterday's chart analysis, the market broke above the downtrend line earlier than expected, and the low point is currently rising. Therefore, we can expect a short-term rebound during the day, but there is a consolidation supply zone in the market, so everyone needs to pay attention to whether there is enough trading volume.

Because the downtrend line has been broken through, maintaining a bullish mindset near the support level will be more advantageous.

The first resistance level during the day is around 64000, and the second resistance level is around 64500. After the market breaks through the first resistance level, everyone can observe whether there are signs of stabilization. Although the rebound mindset is maintained at the moment, it is not recommended to chase long positions near 64000 due to the psychological resistance, but rather to look for a wave of adjustments near 64000, which is close to the support level.

The first support level during the day is around 63300, and the second support level is around 62700. The first support level is a favorable average price for entering a long position. The author will pay attention to the trend of the 20-day moving average and can consider a rebound trend at appropriate support levels, but the maximum support is at 63300.

In today's trading, as the price has broken through the downtrend line, the author will maintain a bullish perspective and look for opportunities to enter long positions near the support level.

Due to the presence of a supply zone above, the possibility of a decline cannot be ruled out. Considering the current situation, the possibility of breaking through after multiple retests of 64000 increases, and attention should also be paid to whether it can break through the supply zone above!

4.28 Author's Short-term Pending Orders:

Long reference: 63300, 62700

Short reference: 64150, 64523

This article is exclusively planned and published by Shiyechen (WeChat public account: Coin God Shiyechen). If you need to understand more real-time investment strategies, untangling, spot contract trading techniques, operational skills, and candlestick knowledge, you can add Shiyechen for learning and communication. I hope to help you find what you want in the currency circle. Focusing on BTC, ETH, and altcoin spot contracts for many years, there is no 100% method, only 100% going with the trend; daily updates on macro analysis articles across the network, mainstream coin and altcoin technical indicator analysis, and spot mid-to-long-term replay price prediction videos.

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