Analysis of BTC on April 26:
Yesterday, the overall trend of the big cake tended to fluctuate widely, with the highest point of the day near $65,200 and the lowest price near $62,700. As of now, the price is running near $64,400!
Trend: The trading volume of the 4-hour K-line increased when the price fell. For example, the trading volume of 9541 at 20:00 on April 25 was relatively high, indicating that the selling was active during the decline. At the daily level, the days when the price fell sharply (such as April 24) were accompanied by a high trading volume of 33,596, which further verified the seller's strength in the downward trend. At the hourly level, the rising wedge broke down as we expected, and the overall retracement was not large, mainly due to insufficient liquidity on the market. At present, the overall trend is regarded as oscillating and converging. After the retracement, we will see a rebound here. After the second highest is formed, we will judge the next trend based on the volume. There is no need to panic!
Intraday operation suggestions:
Upper pressure range is around 65,000 and 67,000 US dollars
Lower support range is around 63,000 and 60,000 US dollars
You can buy low near 63,000, and lose if it falls below 62,400. The upper target is 1:65,000, 2:67,000!
