币市勋章

$BTC BTC fell back after reaching 78,300 USD on the evening of April 17, successfully eliminating the short liquidity at 76,000 USD, with a method similar to the rally on January 14. The pattern clearly forms a bullish trap, and the candlestick design is very well executed. Rapidly breaking through the upper boundary of the near two-month fluctuation at 76,000, forming a continuously rising high position understanding.
In fact, during the bear market process, turning from bearish to bullish is indeed very difficult, as it is more about the rebound long positions at support levels rather than a large rally segment. Since the price failed to hold the bullish position after breaking through resistance, it triggered a drop of nearly 5,000 USD, indicating that there are still significant selling chips in the market. If the main force wants to truly rally, it should take advantage of the momentum and let retail investors trigger bullish buying to push the price up to the 90,000 mark. However, the trend is completely opposite; after taking out the short positions, it triggered bullish buying, and then continued to lock in the bulls before falling back. Currently, regarding whether there will be further increases, there is actually a relatively clear pattern: whether the price will again exceed the previous high of 78,333 before the drop to reclaim lost ground. Once this action occurs, it means that the main force has a higher price demand in the short term, and in the next phase, we can fully expect to see pressure close to the 90,000 mark.

#CHZ CHZ has increased by 20% in the last 24 hours and is currently approaching a resistance zone at $0.045. Its standout performance during a relatively calm period in the entire market indicates that this asset has been favored and actively bought. The medal has also been waiting for this coin for a long time, taking this opportunity to recommend it to everyone. When there is a basis for initiation, it can actually lead to efficient holding.
CHZ is currently staying near a price of 0.042, below a peak level from March 30. There will be some selling pressure here, so there will be a certain absorption of sell orders, which is a factor for the price to stay and fluctuate. However, the current upward trend indicates that the momentum is positive.

#比特币 Bitcoin achieved a series of continuous rises after midnight today, with prices bottoming out around $67,700 last night at 11 PM, followed by a consistent upward movement. By 7 AM today, it peaked at $72,700, achieving a total increase of $5,000. This process was very rapid, resulting in a quick conversion of long and short positions. This reversal trend has left many cryptocurrency enthusiasts feeling confused. Will there be a continued climb, or will the bear market persist? Here, the medal expresses its humble opinion.
First, we need to understand that the recent rise of Bitcoin after midnight was mainly due to the easing of US-Iran negotiations, which caused market cheers. Financially related assets saw a significant rebound, which is considered an emotional reaction. During the same period, crude oil prices fell from $116 last night at 11 PM to a low of $90 this morning at 7 AM. Looking at the movements before the easing, Bitcoin still belongs to a downward movement in the middle of a bear market; the main line of this bear market will not change due to any sudden events outside the cryptocurrency sphere. Furthermore, in detail, after 9 PM on April 5th, the price rose from the support level of $67,000, peaking just above $70,000. However, after midnight yesterday, it again took a selling downturn, with prices bottoming out at $67,700 before the reversal. This action indicates that the market's selling has not yet completed, with bulls being weak and unable to maintain the victorious long positions. There was no continuity in buying, and the enthusiasm for pushing prices higher was low. After a rapid rise in the market, prices still ended up falling. From the above performance, the medal believes that for this emotional surge in prices, we will likely see prices return to levels near the positions prior to the drop, continuing the bearish actions. The main factor is that before the rapid rise, prices were in a state of selling off after a brief increase, and any slight heat will be extinguished by the bears.