【2024.4.28 BTC/ETH intraday market analysis】
When I woke up, Bitcoin and Ethereum were rising. Some people said, "Teacher Zhang, you're going to be slapped in the face. You were bearish yesterday and it's rising today?" In fact, I was bearish, and I also said that Bitcoin will rebound next and spot positions will be reduced. If it falls below the previous low of 5.96, this bull market will end and consolidate for 2-3 months. How can it fall straight down without rebounding? It's not a bear market.
The negative decline in the bull market is obvious. The top and bottom of the band are lower than each other. It is difficult to hit it all at once without major negative news. The opening of the big bull market will also happen after the Fed cuts interest rates. The time node has not yet arrived. Now it is just a large-scale wide fluctuation. Don't feel that it's okay after a little rise, and cry again after a fall! #大盘走势
Today's Bitcoin and Ethereum Trend Analysis:
Bitcoin fell to 62330 yesterday and then began to rebound. This position is the first support level of the weekly K (the first support level of the speech on Monday is around 62250). Currently, Bitcoin started to rise in 1/2 hour and rebounded in 4 hours, and the daily line is still sideways on the short side.
Today's rebound pays attention to the upper position of 64560. If the closing line stands above this position, the daily line will enter the long side, and the 4-hour rebound will end and officially rise. The upper pressure level/target is around 65220-65855.
If the market falls back, pay attention to the position of 63400 below. This position is the support level of 1/2 hour level and also the long and short price of 4 hours. If it falls below, the 4-hour rebound will end and start to decline. The target below is around 62875-62330#BTC
Ether is currently stronger than Bitcoin. This is related to the entry of hot money in Ethereum's ETF. It fell to 3063 yesterday and then began to rebound. This position is the first support level of the weekly K.
At present, Ethereum 1/2/4 hours started to rise and rebounded on the daily line. Pay attention to the two pressure levels of 3330-3385 above the rebound, and stand on the 3385 weekly line to enter the long side.
If the market falls back, pay attention to the support levels of 3265-3232-3180 below#ETH