Zhou Yanling: Bitcoin Strong Surge on April 24, Bearish Turning Point Approaching - Latest Market Analysis and Strategy
The market in the past couple of days has been quite intense. This kind of surge leaves many who missed out with no options, and the rise has indeed been rapid. If you are a newcomer and currently have no positions, Yanling suggests that you observe for now and not get carried away in a rush to jump in, as anyone who has been in the crypto space for a while knows how terrifying the risk of a pullback can be, including the sensitivity of price fluctuations. Of course, there are also those brave enough to chase the rise, and it is only natural that some people can make money, as their boldness has already surpassed that of most. At this time, being able to consistently profit from the bullish trend makes one the best player. The key moving forward is to stay alive; do not envy others or regret why you didn’t buy during the rise—those are sentiments only children express. As a pragmatic person, you must always remain clear-headed.
Currently, the market is in a high-level consolidation phase. On the daily chart, after a large bullish candle in the past few days, it is now in an adjustment phase, but overall it still maintains a strong momentum. The current MACD histogram is negative but gradually shrinking, indicating that the downward momentum is weakening and may turn around. The RSI value is hovering around 50, not entering the overbought or oversold zones, indicating a relatively neutral market sentiment. The short-term EMA7 is close to the long-term EMA30 and EMA120, showing that the price is searching for direction, and attention should be paid to breakout situations. The daily chart is currently facing resistance at 95,000, which has been difficult to overcome, so short-term attention should be paid to the risk of a pullback.
April 24 Bitcoin Trading Strategy:
Short at 95,000-94,000, stop loss above 96,000, target 92,000-91,000
Long at 91,000-92,000, stop loss below 90,000, target 93,500-94,500
April 24 Ethereum Trading Strategy:
Short at 1,820-1,790, stop loss above 1,860, target around 1,740, continue to look for a downward move towards around 1,680
Long at 1,680-1,710, stop loss below 1,640, target 1,790-1,830
[The above analysis and strategies are for reference only. Please bear the risks yourself. The article review and publication may have delays, and the strategies may not be timely. Specific operations should follow Yanling's real-time strategies.]
This article is exclusively authored and shared by senior analyst Zhou Yanling (WeChat Official Account: Zhou Yanling). The author has been engaged in financial market investment research for over ten years, currently mainly analyzing and guiding BTC, ETH, DOT, DOGE, LTC, FIL, EOS, XRP, BCH, ETC, BSV, and other cryptocurrency contracts/spot operations. For more real-time community guidance, consultation on position liquidation, and learning trading skills, you can follow the teacher's WeChat Official Account: Zhou Yanling to find the teacher.
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