Mr. Coin in the crypto circle: On April 24, Bitcoin reversed upwards by more than 6,000 points. Can it break upwards again during the day? Latest market analysis for Bitcoin (BTC) and Ethereum (ETH).

CN
14 hours ago

Cryptocurrency trading is a long-term plan, not something that can be achieved overnight, so one should not be overly anxious. Even if there are short-term losses, there is nothing to fear. As long as the subsequent direction is chosen correctly, what has been lost will eventually return. However, it is important to grasp the timing of trades and the current market trends to improve the win rate. At the same time, investing is also a process of growth. Mr. Coin suggests that all cryptocurrency friends should learn while operating, summarizing both profits and losses in a timely manner to deepen their understanding of risks and to plan a correct mindset. This way, risks can be reasonably avoided, and one can become a qualified investor.

4.24 Mr. Coin's Analysis Reference for Bitcoin (BTC)

Bitcoin has once again broken upward, with a rebound after a pullback in the evening. It is currently maintaining a high-level consolidation, with the price returning to around 93,000. During the day, the price has been stuck in a tug-of-war between bulls and bears at high levels, close to the 95,000 position, stabilizing above 90,000. If the price can stabilize above 93,000, the upward trend is expected to continue.

From the daily chart, yesterday's price reversed and closed positively, maintaining above the upper Bollinger Band. Market sentiment is relatively sluggish, but the daily chart has recorded two consecutive positive closes, with the closing price stabilizing above 93,500, confirming the continuation of the upward trend from 88,000 to 94,696. However, the K-line entity shrank yesterday, accompanied by a decrease in trading volume, indicating a lack of strength in chasing prices at high levels. Overall, the bullish trend is showing signs of warming up, and further upward testing is expected.

On the short-term hourly chart, the Bollinger Bands are opening upward. The 4-hour chart shows that after breaking through the previous high, the price has pulled back, forming a bearish candle with a long upper shadow, indicating short-term profit-taking pressure. The key support level at 92,000 has been tested multiple times but has not been broken. MACD: The 4-hour level shows that DIF (2219) and DEA (1893) maintain a bullish arrangement, but the histogram continues to shrink; the daily level golden cross has expanded to 1607/353, and the weekly level DIFF (14947) has reached a new high. RSI: The 4-hour RSI (77) is in the overbought area, requiring caution for a pullback, while the daily RSI (67.61) remains in the moderately strong area, and the monthly level (65.76) shows a bullish tone in the larger cycle. EMA: The price is consistently running above EMA7 (92,932)/EMA30 (89,237)/EMA120 (85,510), forming a standard bullish arrangement, with the 4-hour EMA7 (92,932) providing dynamic support. Overall, the market is currently in a high-level fluctuation. During the day, pay attention to the strength of the pullback. It is recommended to go long on pullbacks and to take light short positions at high levels. If unsure, one can wait for clearer market signals before acting.

For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

4.24 Short-term Reference for Bitcoin:

Light short positions at 94,500-95,600, with a stop-loss at 96,800; target below 93,000.

Long positions at 91,800-90,800, with a stop-loss of 500; target above 92,500.

4.24 Short-term Reference for Ethereum:

Short positions: 1,855-1,875, with a stop-loss at 1,970; target below 1,690.

Long positions: 1,650-1,700, with a stop-loss of 30 points; target above 1,750.

There may be delays in sending articles, and strategy suggestions are for reference only. The market changes rapidly, and regardless of how confident you are in your market judgment, always set stop-loss and take-profit levels to secure your gains.

Mr. Coin's public account: For more real-time trading strategies, online technical learning, and exit strategies, you can follow the mentor's public account (Mr. Coin) for access. The first ten daily followers can receive free exit strategies.

For more real-time trading strategies, you can follow my public account for online technical learning, exit strategies, etc. I have researched the market for many years, studying the major trends in the cryptocurrency space, and have studied extensively in the U.S., mainly analyzing and guiding BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other cryptocurrencies. For those who are unsure about trading, you are welcome to study and learn together.

My viewpoint: There may be delays in sending articles, and risks are to be borne by yourself. Manage your positions reasonably and avoid heavy or full positions. Mr. Coin wishes all fans to achieve financial freedom, moving forward together. In the depths of time, hold onto understanding. In investing, one must learn to be optimistic. Do not let your future self dislike your present self. We live authentically, but not every data revelation needs to be taken too seriously. Let the past be the past, and let the future come quickly! Take good care of yourself, sharpen your skills, and be ready to set off at any time. Keep going!

—— This article is written by Mr. Coin, and we refuse to plagiarize and respect originality!

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