April 8th, Yifan's Morning Analysis


Current short-term chart of BTC:
The Bollinger Bands are narrowing, and the price is stuck near the middle band, indicating that a direction is likely to emerge in the short term.
On the moving averages, MA7 has crossed below MA30, which is still somewhat weak; however, the MACD histogram has appeared, suggesting that the downward momentum is not as strong, signaling a small rebound, but don't expect too much.

Resistance above is at 80,240, support below is at 79,461. Do not rush through the levels before a clear breakout; wait for clear signals before taking action. Risk control is always the top priority. A personal suggestion from Yifan: around 78,500-79,400, with targets near 80,300-81,500.
BTC-1.72%
ETH-1.9%
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