Coin Sea Wave: 4.23 Cryptocurrency Market Bitcoin (BTC) Latest Market Analysis and Insights

Coin Sea Wave: 4.23 Bitcoin (BTC)) Market Analysis Reference:
Bitcoin experienced a strong rebound yesterday, with the price continuously climbing to touch the 79,400 level before facing resistance and pulling back. As of the time of writing, the price is around 78,600.
From the daily chart perspective, BTC is in a clear bullish trend, with the price steadily rising along the upper Bollinger Band, and all periodic EMA lines are arranged in a bullish manner, forming multiple layers of support;
The MACD indicator remains a bullish crossover above the zero line, with no obvious weakening of bullish momentum;
Although RSI and KDJ are in overbought zones, there are no signs of a dead cross or turning point at high levels, indicating that the current bullish strength still dominates.
Overall, the upward structure on the daily chart remains intact, and the short-term trend is likely to continue oscillating at high levels with strength.
The immediate support below is at EMA7, but as long as EMA15 is not effectively broken downward, the upward trend will not be disrupted, and there is still a possibility of challenging previous highs or even reaching new highs.
From the short-term hourly chart perspective, the 4-hour BTC chart shows signs of a short-term correction, with the price pulling back from the upper Bollinger Band.
Although the Bollinger Bands are still opening upward, there are signs of resistance near the upper band;
The MACD is shrinking, with the DIF line turning towards the DEA line, indicating a weakening of bullish momentum;
Meanwhile, RSI and KDJ indicators are turning downward from high levels, suggesting a strong short-term correction.
Key support levels are near the middle Bollinger Band and EMA20.
If the price finds support in this area and reclaims the upper Bollinger Band, a retest and resumption of the upward move is highly probable.
In terms of trading, avoid blindly chasing highs; patiently wait for signs of stabilization after a pullback before entering positions for a more secure approach.
Coin Sea Wave: 4.23 Short-term Bitcoin Market Reference:
Long positions: Buy in the 76,500-77,500 range, with a stop loss of 500 points, target 78,000-79,000,
Short positions: Sell in the 80,000-79,000 range, with a stop loss of 500 points, target 78,500-77,500,
This content is originally shared by 【Coin Sea Wave】, representing personal opinions only.
The article may have delays in delivery and is for reference only. Do not operate blindly!
Hope everyone can adhere to their principles on the investment journey, regardless of market fluctuations, and maintain rationality and calmness. #美伊二轮谈判进展 #比特币反弹 $BTC