分析师 Young
分析师 Young
BTC holder Contracts are traded only: BTC/ETH/Gold The ebb and flow of the currency circle in the past nine years Twitter has the same name
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Has anyone noticed that $BTC has been trading sideways with almost no fluctuations, lingering around 77040?
Is everyone just waiting for the interest rate decision at 2 AM tonight?
It's definitely the calm before the storm.
On the surface, it looks peaceful, but are we just waiting for the big show to start at midnight? A bit scared 🫣
#Gold continues to decline today, confirming yesterday's breakout judgment.
The key support level has been completely broken, and the bearish trend is without a doubt; the only direction ahead is the weekly support level.
Continue to maintain long-term positions unchanged, the strategy remains to short on rallies, target 4165, not letting go until then.
In the face of the trend, all rebounds are opportunities for bears.
$XAU $XAUT
$BTC Midday Update:
The resistance level of 77146 mentioned this morning has now been strongly broken through by the bulls, with the 2-hour EMA52 support currently being tested above.
⚠️ If it does not effectively break below 77146 on a pullback, it indicates that the breakout is valid, confirming the continuation of the rebound, and we can look for higher levels ahead.
This is very important; if the bullish trend does not hold, it will be damaged, and the situation will become quite bad.
分析师 Young
Did you notice? The recent rebound of $BTC has precisely risen on the support line.
After last night's pullback to the 8-hour EMA52 key support at 75600, today the Asian session has fully recovered to around 76500, and the stabilization signal is very solid.
Next, keep an eye on the upper level of 77146, which is today's core resistance level:
There are already low-position long positions that can take profits in batches here, so let's secure some profits first.
Only if it effectively stabilizes here will the sustainability of the rebound be confirmed.
Trading requires verification along the way, and we should not make baseless predictions.
⚠️ Important reminder: On April 30 at 2:00 AM, the Federal Reserve will announce the #FOMC interest rate decision; at 2:30, Powell will hold a press conference.
Currently, it is widely expected that there will be no rate hike or cut at this meeting, which is also Powell's last FOMC meeting as the chair of the Federal Reserve, as his term is ending.
Many have already begun to bet on the dovish tendencies of his successor, Kevin Warsh, believing that rate cuts may be restarted in June or September, but I am deeply skeptical about this.
The interest rate policy itself is unlikely to have any waves, but the political subtext of this meeting may affect the cryptocurrency market in the next six months! $BTC
Did you notice? The recent rebound of $BTC has precisely risen on the support line.
After last night's pullback to the 8-hour EMA52 key support at 75600, today the Asian session has fully recovered to around 76500, and the stabilization signal is very solid.
Next, keep an eye on the upper level of 77146, which is today's core resistance level:
There are already low-position long positions that can take profits in batches here, so let's secure some profits first.
Only if it effectively stabilizes here will the sustainability of the rebound be confirmed.
Trading requires verification along the way, and we should not make baseless predictions.
Update on the $BTC market situation:
The previously anticipated phase correction has now accurately retraced to around 75500, just recently touching a low of 75600, which coincides perfectly with the key support level of the 8-hour EMA52.
Key observation points moving forward:
1. If this support stabilizes effectively after some fluctuations, it may initiate a rebound for a retest of the upper resistance.
2. If the support fails, the next strong support level to watch is the 12-hour EMA52 resistance at 74300, which would further open up the space for a correction.
Currently, the battle between bulls and bears is intense, and the effectiveness of the support level is the core variable for the short-term market.
