Cryptocurrency daily market analysis
Saturday, April 29, 2023
news:
❶The annual rate of the US core PCE price index in March was 4.6%, which was expected to be 4.5% and the previous value was 4.60%. The data was bearish.
❷ First Republic Bank's US stock price fell in half after the market closed, and the media said that the FDIC would immediately take over the company
Big Pie Market Analysis:
Today, Saturday, the overall market fluctuations are not too big. A wave of decline in the evening was supported near 28,900, and then rebounded to around 29,400. At present, the overall rhythm of the big cake is still in a state of oscillating downward. Although there is a small increase, the continuity is not high. It was beaten down as soon as it went up, and the bulls are powerless in the state of continuous decline. As long as the important point of 29,500 is not broken, intraday operations can rebound and short.
Upper pressure: 29500, 30000
Support below: 28900, 28500
Operation strategy:
❶Short at rebound to 29400-29600, stop loss at 29700
❷29000-28800 long, stop loss 28600
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!