April 23: BTC breaks through the 90K mark: a critical position is approaching, will it continue to rise or?



On the daily chart, BTC closed with a bullish candlestick, breaking and stabilizing above 91300. Once a one-sided trend emerges, it won't end that quickly, unless there is a significant pullback during the upward process. This upward trend is akin to boiling a frog in warm water; after rising to a certain level, it starts to consolidate and repair indicators. If the pullback is not strong, then a strong upward movement towards the north is needed. Once it breaks through the next key position, it will further rise. The main support level to watch is around 91300; if it doesn't break this level, then it is advisable to buy on dips. From various indicators, it shows a bullish pattern, except for some smaller indicators that have a pullback demand. In the short term, the focus is on 92500; if it holds above this level, it is considered an opportunity to position for upward movement. Tonight, the upper level to watch is around 94500; if it doesn't break, there may be a pullback. For a detailed analysis, watch today's short video.

Getting on the bus mindset

92500 Northbound: Risk control 820 points: Target 1500-2000 points: If there is not much strength in the subsequent strong pullback, a portion of the position can be reduced to continue looking upward.

84500 down south: risk control 520 points: target 1000 points, based on the subsequent market trend to act.

The perfection of trading practice is not about conquering the market, but about finally understanding yourself. May everyone who traverses the market be able to distill wisdom amidst the fluctuations and encounter tranquility over time. 🌱
BTC0.22%
ETH1.56%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)