Cryptocurrency Academician: Will the Bitcoin triangle converge on April 27 lead to a market shift? How should bulls and bears choose? Latest market analysis reference.

CN
17 hours ago

The essence of trading is survival, and only then comes profit. Therefore, before each operation, think carefully about whether your actions are reasonable and whether your capital is safe. You need to develop a trading mindset that belongs to you, continuously optimizing and improving it. Although the suggestions from the cryptocurrency community may not make you rich overnight, they can help you persist. Only those who survive in the cryptocurrency space for the long term and stick it out until the end can achieve the results they desire. I hope you understand.

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Cryptocurrency Community Expert: April 27, 2025 Bitcoin (BTC) Latest Market Analysis

The current price of Bitcoin is 94,250. It is now a little past 2 AM Beijing time, and as predicted, the market has completed this week's movements. What remains is a high-level consolidation market. Currently, it is in a triangular convergence pattern, consistently hovering around 94,000 without breaking up or down. In such a market, you can try a long position. Some traders choose to wait for another dip to 93,000 before entering, which is also fine. Both positions are critical support points, but 94,000 is the neckline, so the market will continue to show a trend of high-level consolidation.

The daily K-line shows a high of 95,160 and a low of 93,800. The EMA trend indicator is still expanding upwards, indicating a bullish trend. However, the MACD has started to show a top divergence with decreasing volume, indicating weakening bullish momentum. The Bollinger Bands have opened, and the K-line has returned to below the upper band at 96,300. There is a risk of a pullback in the larger trend, but there is also momentum to challenge the previous high. Therefore, our reason for going long at 94,000 is simple: all upward movements are breakouts followed by pullbacks. If the pullback stabilizes, it is an opportunity to enter. It's that simple.

The four-hour K-line has reached the EMA15 trend support point at 93,900. If it can hold this position continuously in the short term, it is valid for a short-term long position. The EMA30 trend support at 92,600 serves as a second entry point reference, which we can monitor for now. The MACD has been continuously decreasing in volume, and the top divergence trend is evident, with increasing bearish momentum. The Bollinger Bands are in a high-level consolidation, and the K-line has pulled back to above the middle band support at 88,850. The upper band is at 95,300, and the lower band is at 92,200, which are two key positions.

Short-term strategy reference: The market is never 100% certain, so always set stop-losses. Safety first; small losses and big gains are the goal.

For a long position, try entry points from 92,500 to 93,000, with a stop-loss at 92,000, risking 500 points, targeting 94,000 to 94,500, and if broken, looking at 95,000.

For a short position, try entry points from 96,000 to 96,500, with a stop-loss at 97,000, risking 500 points, targeting 95,000 to 94,500, and if broken, looking at 94,000.

Specific operations should be based on real-time market data. For more information, you can consult the author. There may be delays in article publication, so the suggestions are for reference only, and risks are to be borne by you.

This article is exclusively contributed by the Cryptocurrency Community Expert and represents the expert's unique views. In-depth research has been conducted on BTC, ETH, DOGE, DOT, FIL, EOS, etc. Due to the timing of the article's release, the above views and suggestions may not be real-time and are for reference only. Risks are to be borne by you. Please indicate the source when reprinting. Manage your positions reasonably and avoid heavy or full positions. The expert also hopes that all investors understand that the market is always right. If you are wrong, you should reflect on where the problem lies. Do not let the profits that should be yours slip away. There is no need to be smarter than the market. When a trend comes, respond and follow it; when there is no trend, observe and remain calm. It is not too late to act once the trend becomes clear. Tomorrow's success stems from today's choices. Hard work is rewarded by heaven, goodness by earth, sincerity by humanity, trust by commerce, excellence by industry, and heart by art. Gains and losses often occur unexpectedly. Develop the habit of strictly setting stop-losses and take-profits for each trade. The Cryptocurrency Community Expert wishes you happy investing!

Warm reminder: The above content is solely created by the author of the public account. The advertisements at the end of the article and in the comments section are unrelated to the author. Please discern carefully. Thank you for reading.

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