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🔥April 13th, Bitcoin Public Strategy
After the violent sell-off by the bears, the momentum has completely dried up! The bullish reversal signals are fully in place, and the oversold rebound trading window is officially open!
From the high of 2287 down to 2173, a short-term oversell of nearly 114 points, a decline of over 3.8%. The final bear attack has completely forced out the panic sellers. The current decline is all a trap to lure in buyers! The support zone at 2170-2180 has been tested three times, and the bears can't push it down any further!
💥Core signals are fully in place:
The capital outflow has bottomed out completely. After a net outflow of 113M, the bottom-fishing positions have entered the market to absorb the sell-off. The volume increase at low levels clearly signals a halt in decline! What seems like weak volatility is just the bears' final trap to lure in buyers. The bulls' counterattack is already imminent!
Moving averages are turning up, and the price has re-closed above the short-term MA7, about to cross above MA30 to form a golden cross! The MACD green bars are shrinking continuously, and a low-level golden cross is about to form below the zero line! The rebound momentum after the oversell is building up, and the signs of a trend reversal for the bulls are becoming clearer!
🎯Trading advice:
Follow the trend and go long at the lows, buy on dips around 2180-2195, with targets at 2230-2250.
$ETH #Gate现货衍生品双双冲进全球前三