#大盘走势 Bitcoin Analysis on April 24, 2024

Today, the Bitcoin market showed a bullish trend on the daily chart, indicating that the bullish forces in the market are dominating. However, on the 1-hour chart, we see that the price is fluctuating, showing that the market's bullish and bearish forces are intertwined in the short term, and it is difficult to form a clear breakthrough direction.

In such a market environment, our trading strategy should be more cautious and stable. First of all, we can pay attention to the situation where the callback does not break around 64647.9. If the price can get support near this position and stand firm near 66413, then this may be a good entry point for bulls. However, in order to ensure the safety and effectiveness of the transaction, we'd better wait for the adjustment of the 4-hour cycle to end before operating. It is expected that such an adjustment will take about 7 to 8 4-hour cycles, when the bullish forces may be more powerful, providing us with better trading opportunities.

In the process of waiting, we need to remain patient and calm, and not be disturbed by the short-term fluctuations of the market. Once the adjustment of the 4-hour cycle is over and the price meets the above entry conditions, we can decisively execute long orders. At this point, our target position can be set near 70771, which is a relatively reasonable expected target based on the current market trend and technical analysis.

In addition, if the market directly breaks through the sideways zone near 67260, and does not break 67260 when it falls back, this is also a long-term entry signal worthy of attention. In this case, we can decisively execute long orders and set the target position near 70771.

In summary, the bullish forces in the Bitcoin market today dominate, but the short-term volatile trend also reminds us to be cautious. Through reasonable strategic layout and patient waiting, we can grasp the rhythm of the market and achieve stable trading returns.

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