Cryptocurrency daily market analysis
Thursday, April 20, 2023
News and information of the day:
20:45 Federal Reserve Board member Waller delivered a speech
❷24:00 Fed Governor Waller speaks on financial innovation
❸Tomorrow morning at 00:20, Cleveland Fed President Mester (2025 FOMC voter) will speak on the economic and monetary policy outlook
❹Tomorrow morning at 03:00, Federal Reserve Board Governor Bowman will attend the "Fed Listens" event
❺Tomorrow morning at 05:00, Fed Chairman Bostic will give a speech on the economic situation
The impact of the Fed's series of speeches in the evening on the cryptocurrency market is nothing more than whether to raise interest rates or not. Be careful when placing orders at night, as the Fed's series of speeches may affect market fluctuations and move the price up and down.
Big Pie Market Analysis:
The day before yesterday, we arranged a long-term single 30500 short, stop loss 500, take profit 2000-3000, reaching the first stop profit position, which has reached the expectation. The daily level of the pie had an inflection point yesterday. At present, the market is definitely starting to pull back. The daily level has not been too much pulled back from 19500 to 31000. This time, with the inflection point of the ultimate target position of the market, the daily level top divergence is about to start. From the disk, the current four-hour level has fallen to the edge of the previous 27700-28500 box, and it just hits the support channel of Vegas 144-169 daily lines. 28500 is a very critical position. If it falls below the trend, it will be another thousand-point market. Before it falls below, we can do shock orders at 28500-29300. Try to rebound and short during the day. The risk of long orders is too high.
Upper pressure: 29300, 29700
Support below: 28500, 27700
Operation strategy:
❶Short at 29100-29300, stop loss at 29450
❷There are many market prices around 28700, stop loss is 28450 (counter-trend order)
Investment involves risks and transactions should be made with caution. The above analysis is for reference only and should not be used as a basis for investment. Profits and losses are at your own risk!
