2024.4.2 #BTC Market Analysis

Chart situation: (H1 chart)

1) H1 is still in a downward trend and is currently hunting range-L.

2) Here, after hunting, step back to test range-EQ. Here, H1 is bearish OB and refuses to continue downward. If it falls below range-L again, it is better to look at H2, which is bullish OB.

3) Here, only if the bearish OB breaks through H1, the structure is damaged, and we can continue to look upward. Otherwise, it will still be a shock and decline.

Trading recommendations:

1) Pay attention to H2 bullish OB to accumulate buying opportunities.

2) After breaking through H1 bearish OB, pay attention to the buying opportunity of stepping back.

PS: This article is only my personal opinion and does not serve as investment advice. Please be responsible for your own profits and losses.

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