Analysis of BTC on April 19:
As the price of Bitcoin is getting closer to halving, the market trend showed a short-term rebound yesterday, with the highest intraday fluctuation rising to $64,100. This morning, the market fell again, with the lowest falling to around $59,500. It has now rebounded rapidly to the $61,000-61,500 range!
Trend: From the current trend, there are signs of bottoming out again, and it has not stabilized after three attempts to reach around $59,500! This also indirectly shows that the liquidity below $60,000 has been almost wiped out by the dog dealers. At the same time, this area is also the range for high-leverage liquidation of long contracts. It can be said that it is easy to operate while exploding long orders and sweeping away the liquidity below! The pressure range above the overall trend of $65,000-66,000 is still in a weak range before it is effectively stabilized. It does not break through up or down. You can choose to oscillate high and low, and strictly set a good stop loss!
Intraday operation suggestions:
If it falls below $60,000 again, it is better to take long positions near 59,050, and operate according to the idea of breaking expectations!
If it does not fall again, take long positions near 60,600, with a stop loss below $60,000. The overall upper targets are 64,000, 65,000, and 66,000!
