4.2 Thursday Mufeng Evening Market Analysis



The market experienced a rapid plunge in the early morning, with Bitcoin dropping from around 68,600 to 66,100. The early positioning of short positions has accurately captured this round of decline.
The current market is gradually stabilizing, with the key support at 66,000 effectively holding, and the bearish momentum significantly weakening. The four-hour chart shows a bottoming out and a long lower shadow, breaking the downward trend on the hourly chart. The MACD bearish bars continue to shrink and steadily turn positive, while the KDJ forms a bullish divergence and a golden cross, gradually strengthening the bullish signals. The overall outlook is now more inclined to bullishness.

Trading Strategy
Bitcoin: Buy in batches around 65,500–66,000, target 68,500
Ethereum: Buy near 2,020, target 2,160
BTC-3.14%
ETH-4.58%
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