April 21 Morning Analysis

Good morning everyone. As Yifan predicted, Bitcoin and Ethereum rose to the expected levels, then formed a short-term consolidation. Currently, the price has broken below the middle band of the Bollinger Bands, indicating that the short-term bullish momentum is weakening. The resistance levels above are also moving higher accordingly. The upper band of the Bollinger Bands is turning downward, and the overall bands are beginning to close, suggesting that short-term volatility is decreasing. It is highly likely that the market will enter a phase of consolidation and fluctuation next. The previous high of 76,531 has formed a short-term strong resistance. If the price cannot break through it later, it is very likely to continue fluctuating and decline. Yifan's personal suggestion: around 76,500-77,500, with a target near 75,000-74,000.