Pionex Analysis: Bitcoin 4.20 Latest Market Analysis

Article Published on 2025.4.20—00:30

The current price of Bitcoin is 85,200. The entry point of over 84,000 reserved by Pionex yesterday was not reached. Now, a short-term long position is opened to see if it can reach the short entry point of 86,000. Currently, the market K-line is fluctuating between 85,000 and 86,000, forming a relatively obvious consolidation pattern. There is strong buying support below on the daily chart. The technical indicator MACD on the 4-hour chart shows that the upward momentum is weakening, and the bullish space is limited. After a rise, a short position can be arranged. The EMA still has some upward momentum in the short term, but we need to be cautious of the risk of a pullback. What we need to do is find opportunities to enter after the rise, and the rest is just waiting.

Today's Pionex Point Predictions

• Long Entry Point: 84,000, Add Long at 83,000, Stop Loss 500 points, Target 86,000
• Short Entry Point: 86,000, Add Short at 87,000, Stop Loss 500 points, Target 84,000

Ethereum Analysis

The current price of Ethereum is 1,610, which has been slow to break through the upper resistance. This kind of "boiling frog" market is the hardest to endure. Currently, the K-line is fluctuating around 1,600, forming a small range of slight fluctuations. On the daily chart, there have been consecutive small bullish candles, indicating some buying power, but Pionex finds it not strong. The technical indicator MACD on the 4-hour cycle shows signs of a rebound in the short term, but overall it is still hovering at a low level. The short-term EMA is crossing upwards, which may indicate an increase in short-term upward momentum; however, the EMA120 is far above the current price, indicating that long-term pressure still exists. Therefore, it is very difficult to break the previous high, and the strategy should focus on shorting at high levels, temporarily not considering long positions.

Today's Latest Point References

• Long Entry Point: 1,570, Add at 1,520, Stop Loss 30 points, Target 1,650
• Short Entry Point: 1,650, Add at 1,700, Stop Loss 30 points, Target 1,570

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. In this process, Pionex has experienced 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 borne by the reader.

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