On April 22, 2024, the trend of Bitcoin on Monday attracted much attention.
Last Friday, the price of Bitcoin once dropped below the 60,000 mark, but then began a slow rebound repair process. As the positive effects of the halving event gradually emerged, the pace of the rise was significantly accelerated, and the price climbed all the way to around the 66,000 area. However, the subsequent small retracement has kept the Bitcoin price in a high-level oscillation state, but the overall upward trend has not changed.
From the perspective of technical analysis, the four-hour structure chart shows that the Bitcoin price is currently stabilizing near the middle track. Therefore, we can make bullish operations around this middle track support level in the morning.
For the long strategy of Bitcoin, it is recommended to pay attention to 64,400 as the entry point. The target price can be set in the range of 65,500 to 66,000. If the price fails to rise as expected, the position for covering the position can be considered around 63,600.
Please note that the above is only a personal opinion, investment is risky, and operations should be cautious. In actual transactions, it is recommended to make decisions based on market conditions and personal risk tolerance.