Coin Circle Li Ying: On April 15, Bitcoin reached a new high of 75500 within the year. How to grasp this bullish trend? Latest market analysis and operational suggestions.
Dear friends! The current price of Bitcoin is 75500. The 2-hour chart shows that the price has strongly broken through the previous high resistance level of 75300 and is currently operating near the upper band of the Bollinger Bands. The moving average system shows a typical bullish pattern, with MA(7), MA(30), and MA(120) forming a stepped support, among which MA(7) has become the most recent support. The MACD indicator performs strongly, with the DIF far above the DEA, and the red bars are amplifying, indicating that the upward momentum continues to strengthen. The trading volume significantly increased upon the breakout, showing ample confidence from bulls. In terms of shape, after breaking through 75300, the price has opened up new upward space, with the next target looking towards the 76500-77000 range. The current price is consolidating around 75500, which is a healthy pullback after the breakout. As long as it does not fall below the 75000 level, the bullish trend remains unchanged.
From a technical structure perspective, a complete upward channel has formed. The Bollinger Bands have widened, with the price running along the upper band, indicating a strong trend. The RSI indicator is around 65, although close to the overbought area, it has not reached extreme levels, still leaving room for upward movement. The KDJ indicator is operating above 80, showing short-term strength. The key support level is near MA(7), with stronger support at the MA(30) line. It is important to note that after breaking through 75300, there may be a technical pullback to test support. If it can stabilize above 75000, it will accumulate momentum for further upward movement. The strong resistance above is near the upper band of the Bollinger Bands at around 76500. If this position is broken through, it is expected to look towards the 77000-78000 range. Overall, the bullish trend is clear, and operations should mainly focus on buying on dips.
Short-term practical strategy (Li Ying personally teaches, accurately aligning with the market)
Long strategy: 75200-74700, target 76500 aiming for 77500, stop loss 74300.
Short strategy: 74700-74000, stop loss 75500, target 74000 aiming for 73800.
Li Ying's message: The coin circle is not short of opportunities, what is lacking is the insight to see through the essence and the discipline to execute strictly. Maintain a stable mindset to laugh until the end!
Risk reminder: The above analysis by Li Ying is based on real-time market data and is for reference only, not constituting investment advice. Trading risks are to be borne by the trader.
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