Pionex: Bitcoin 4.23 Latest Market Analysis
Article Published on 2025.4.23—00:50
The current price of Bitcoin is 90,700. How is it? The approach of going with the trend that Pionex has always adhered to has been validated once again today. Yesterday, I reminded everyone not to short, and to focus on the long side. How much did everyone gain? Congratulations to those who followed the analysis! Let's take a look at today's market. The current K-line shows a clear upward trend, with multiple breakthroughs of previous highs within the 4-hour K-line, forming consecutive bullish candles, indicating strong buying power. The technical indicator MACD is continuously rising in the 4-hour timeframe, with both the fast and slow lines diverging upwards, indicating that the current market is in a strong bullish phase. The EMA shows an upward trend, which is unmistakably clear. Therefore, do not doubt the determination of the bulls. The strategy is to continue to go long on pullbacks, and temporarily avoid shorting.
Today's Pionex Price Predictions
- Long Entry: 89,000, Add Long at 88,000, Stop Loss 500 points, Target 91,000
- Short Entry: 92,000, Add Short at 93,000, Stop Loss 500 points, Target 90,000
Ethereum Analysis
The current price of Ethereum is 1,700. Ethereum has finally shown some strength. The bulls have entered the market, and the K-line has shown a clear upward trend within the 4-hour cycle, with the daily line indicating a strong rebound. The technical indicator MACD is in a bullish trend, so Pionex continues to be bullish. The EMA has formed a golden cross, further confirming the short-term upward trend. The EMA120 has also been broken, turning the long-term trend bullish. The strategy is to continue to go long on pullbacks, while being cautious about shorting for now.
Today's Latest Price References
- Long Entry: 1,650, Add at 1,620, Stop Loss 30 points, Target 1,750
- Short Entry: 1,750, Add Short at 1,770, Stop Loss 30 points, Target 1,650
The above analysis by Pionex is based on market data and trend analysis and does not constitute investment advice. It is for reference only. Over the past ten years, Pionex has continuously explored and experienced hundreds of different digital assets. Throughout this process, Pionex has witnessed the brilliance of bull markets and the gloom of bear markets, accumulating countless valuable experiences and profound lessons along the way. As a female trader striving in this challenging field, Pionex feels a responsibility to share her insights and hopes to help others with dreams find their place in this ever-changing market and embark on their own successful journey.
The content of this article is time-sensitive and for reference only; risks are to be borne by the reader.
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