4.30 Bitcoin Market Roadmap


At the current market setup, it has already broken below the middle Bollinger Band and is trading below the middle band. Short-term bullish momentum has already run out, and the trend has shifted from the previous upward move to a more weak/soft state.

The upper Bollinger Band is curling downward, and the lower band is also slowly trending down. Although the opening hasn’t yet expanded noticeably, it has shifted from expansion to leveling off before convergence. The uptrend has ended and has entered a correction phase.

Near the lower band is strong short-term support. If it fails to hold, as the Bollinger Band opening widens, the room for further downside will open up even more.

Resistance above: 76500. If the price, with volume, holds above 76500, you can cautiously try a long position, with targets at 77000-7500.

Support below: 74800. If support remains effective, you can cautiously hold a long position; if it breaks, the downside space will open.

Right now it’s in a weak recovery phase after a drop, so rebound height is limited. Priority should be given to a range-trading approach of selling high and buying low. Don’t chase rallies, and don’t blindly bottom-fish. Only after key levels break out/break down with volume should you follow the move accordingly.
$BTC $ETH #WCTC交易王PK #美联储利率不变但内部分歧加剧 #Polymarket每日热点 #比特币现货交易量新低 #油价突破110美元
BTC-0.35%
ETH-0.91%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments