4.18 Bitcoin Market Analysis and Suggestions

张恒 · 2023-04-18T09:28:35.000Z

Yesterday I said that the overall trend is dominated by bulls, but yesterday was also in a period of accumulation of bulls, so yesterday I issued a callback short order, and as I expected, it successfully broke through the early support and came out again. New low! Returning to today's market, after the early release of short positions, the bulls in the current market have once again exerted their strength, and the market trend has begun to rebound. At the hourly level, the Bollinger Bands have once again formed an upward trend, the MACD bull energy column continues to increase volume, the KDJ three-line golden cross is upward, and now there are signs of a slight turning head. At the 4-hour level, the K-line is currently in a positive state after continuously closing negative. The MACD short position can gradually shrink, and the KDJ three lines have initially bonded to form a golden cross. In view of the signs of retracement shown by the hourly level technical surface, we can enter the market with multiple orders after the current market drops slightly! This time is also another time for bulls to exert their strength!

I said yesterday that the overall trend is mainly bullish, but yesterday was also in a bullish accumulation period, so I gave a short order for the pullback yesterday, and as I expected, it successfully broke through the previous support and reached a new low again!
Back to today's market, after the previous short release, the current market bulls have also exerted their strength again, and the market trend has begun to rebound. From the hourly level, the Bollinger Bands have once again formed an upward opening trend, the MACD bullish energy column continues to increase in volume, and the KDJ three-line golden cross is upward, and now there are signs of a slight turn. At the 4-hour level, after the K-line closed negative continuously, it is currently in a state of closing positive, the MACD short volume is gradually shrinking, and the KDJ three lines have initially bonded to form a golden cross. In view of the signs of retracement shown by the technical side at the hourly level, we can enter the market with long orders after the current market drops slightly! This is also another node for the bulls to exert their strength!
BTC; long around 29450-29250   Target: 29950-30500  Risk control: 28950
Disclaimer: The above content is personal opinion and is for reference only! It does not constitute specific operational advice. The market situation is changing rapidly, the analysis has a certain timeliness, the article has a certain lag, and the specific operation is mainly based on real-time strategy. This article is exclusively provided by Xu Honggang in the currency circle, and only represents the exclusive views of Mr. Xu. Please indicate the source for reprinting. Reasonably control the position when making orders, and do not operate with heavy or full positions. Investment and financial management is not a matter of overnight. Early losses do not mean later losses, and early profits do not mean later profits. Therefore, friends who lose money should not be discouraged, and friends who make profits should not be complacent, so that they can invest rationally with a calm mind. Mr. Xu will give accurate analysis and reasonable suggestions to help friends in trouble solve problems and friends in good times to achieve greater success. ! I hope that my analysis, like a lighthouse, will guide your journey in the vast cryptocurrency market.