24/04/08BTC halving countdown 12 days, under pressure below the convergence triangle, reduce positions and wait and wait for the opportunity to buy the bottom
BTC rebounded again after filling the gap of 64000-66500 and touched 70326, which happened to be under pressure below the convergence triangle. Spot reduced positions and waited for the best opportunity to buy the bottom? Ethereum led the cottage to rebound mainly because the ETH/BTC exchange rate fell to the freezing point of 0.048 and rebounded.
We have said before that the order is generally BTC-ETH-rebound strong cottage to make up for the rise B-MEME dog-slump. We say this cycle law🔁Since the bear market, it has been following this cycle. After the big cake is finished, it is still under pressure below 70,000. It is more dangerous for Ethereum to make up for the rise.
In addition, there are still 12 days left for the halving. Whether the good news will be exhausted and turn into bad news is uncertain, but from the trend of the market, the pressure is heavy. The rebound of 73777 has not exceeded 72,000. This wave of rebound has not exceeded 70,326. The probability of falling after multiple rebounds to test the high point pressure is relatively high. Just follow the bottom-picking plan we reminded before.
Big cake
The daily line is still under pressure inside the convergence triangle. It is not easy to operate if the upper edge of the triangle is broken here. The triangle oscillation will continue. Consider taking more after the callback. Check the previous release for the bottom-picking plan.
The OBV yellow line turns downward and funds are still flowing out. MACD bottom divergence is alert to underwater growth and the fast and slow lines turn downward. Multiple indicators are bullish, but the market rebound is not strong, so we still need to be alert to a sharp decline.
Ether
Ether BOLL turned downward and narrowed, and has been suppressed by the middle track of BOLL. The daily line is also in a descending triangle pattern. The risk is greater than the opportunity. MACD bottom diverged, but the price did not rebound strongly. The price is above 3678 to be a bullish opportunity. Now it is not ruled out that it will create a new low of 2600-2800. The weekly level callback requires a longer time and space.
