【Market Analysis - April 27】
The chart is still the old one below. Since this chart was released around the 15th, the performance of Bitcoin in the past 11 or 12 days has been basically within expectations. The support area has stopped falling, the shock area has fluctuated, and the pressure area has ended the rebound under pressure.
The view will remain roughly unchanged for the time being:
· Bitcoin support is between 59,000 and 61,000. Long positions should be taken in this area first, and the copycat positions should refer to Bitcoin;
· Bitcoin's supply capacity has obviously decreased in this wave from 6w7 on the 24th. The corresponding result is that the probability of bottoming out near 6w has increased. If it falls below the support area, I estimate that the limit is another 10% drop;
· The probability of a reversal in the short term is not high, and the shock should take time. The current right breakthrough position of Bitcoin is about 655.
This week, the US stock market rebounded a lot, but the overall decline has not changed, which is also a major hidden danger.
That's about it. See the comment section for other questions.
