BTC 1 hour:
After the market failed to test 65,000 again yesterday, the market is undergoing some adjustments and rebounding slightly. Although the output was halved today, the volatility of Bitcoin is still small, and it will not affect the market trend immediately. However, from a medium- to long-term perspective, Master expects Bitcoin to continue to rise steadily.
Although there is good news about the halving, Bitcoin still maintains a conservative attitude due to the weakening market expectations of interest rate cuts and instability in the Middle East, which has caused some panic in the market. However, in the medium and long term, the market is still on an upward trend, and volatility is expected to increase in the short term.
The first resistance level for the day is 63800, and the second resistance level is 64270. Since the first resistance level is close to the previous high point of the 4-hour level, if the price breaks through the first resistance level, we can see a short-term rebound. Since the upper resistance is being retested continuously, we can focus on 63800 today, which is also an important resistance level.
The first support level for the day is 63450, and the second support level is 63000. When the market falls below the first support level, the short trend will open up to 63000, and the 60MA and 120MA moving averages in the 1-hour chart will serve as support.
Because today is the weekend, the market is expected to remain sideways. You can pay attention to the short-term box range and adopt a trading strategy. Since the current price is moving in an upward channel, as long as it does not fall below the bottom of the upward channel, the master will maintain the view of a rebound.
4.20 Master's short-term pre-buried order:
BTC:
Long order first entry reference: 36450 second entry reference 63000 target 63800-64200
The first entry position for short orders is 63800. The second entry position is 64270. The target is 63450-63000.
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