The market continues to soar! 20240428

CN
1 year ago

In 2024, there have been significant developments in the cryptocurrency market, with the Bitcoin halving event and price fluctuations attracting the attention of retail and institutional investors. Regulatory scrutiny from the SEC and FBI has added complexity to the market. Nevertheless, interest in Bitcoin remains high, as confirmed by the analysis of Bitbo data and comments from industry experts. Alternative tokens such as Uniswap, Cardano, Polkadot, and Solana continue to attract investment. The introduction of Bitcoin ETF in 2024 further boosted institutional investor interest, highlighting the importance of these financial products in driving demand and prices. Retail investors also play a crucial role in the cryptocurrency market, and ETFs provide additional liquidity, marking an important milestone in cryptocurrency adoption.

Market Analysis:

BTC: On the 4-hour chart, the price has fallen below the middle Bollinger Band, indicating a weak trend.

On the daily chart, the price continues to fluctuate near the moving averages, showing a neutral trend.

In summary, the support level is at 63300, and the resistance level is at 63700.

ETH: On the 4-hour chart, the price remains near the upper Bollinger Band, indicating a strong trend, with support at 3270 and resistance at 3100.

LTC: The price continues to fluctuate below the middle Bollinger Band, showing a weak trend, with support at 83 and resistance at 86.

BCH: The price continues to fluctuate near the middle Bollinger Band, indicating a weak trend, with support at 460 and resistance at 490.

AAVE: It's still a good opportunity to reach around 30.

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