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The founder of MicroStrategy tweeted that he bought Bitcoin again last week, and the specific amount and price will be announced tonight. Institutional enthusiasm continues, with London-based Abraxas Capital buying 2,949 BTC worth $250 million last week. As of April 20, the number of addresses holding more than 100 BTC has also risen slightly this year, reaching 18,026. However, "small holders" with less than 10 coins have shown a downward trend over the past few months. Whales are currently absorbing the sold BTC at a rate of more than 3 times the annual issuance, and the BTC balance on the exchange continues to decline. Those superwhales with more than 10,000 are still in a state of strong accumulation, absorbing as long as the market falls. Slightly down and slightly sucked, plunged and sucked. Continue to buy the bottom. You can think of it this way, if it weren't for the whale backing that absorbs the chips, the price would have gone down a long time ago. At present, this absorption has gradually shifted from passive to active. BTC broke out of the falling wedge pattern that lasted for several months, which perhaps means a potential bullish reversal. Observing from the weekly level, Bitcoin continued to close out of the positive line, and after the price touched the key support level of $73,900, the bears failed to achieve a second dip, showing strong support at the price.
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In the morning session, Bitcoin ushered in a massive rally, and the price quickly climbed to $87,761, although the subsequent upward momentum has attenuated, but the overall upward trend is still solid. On the daily chart, the price of Bitcoin successfully stood in the middle of the Bollinger Bands, and after several days of sideways shocks, it closed a Doji white candle with a long lower shadow this morning. This K-line pattern fully demonstrates the strength of the support below, and with the emergence of the long white candle in the morning, the K-line combination shows a strong pattern, and so far there is no sign of rising and falling, indicating that the market is expected to continue the upward trend in the short term and continue to test the pressure level upward. In the 4-hour level trend, the candlestick continued to close positive, breaking through the upper Bollinger band in one fell swoop, and the strong long white candle pushed the opening of the Bollinger Bands to expand. At the same time, the MACD indicator quickly formed a golden cross after hitting the zero line and began to diverge upwards, which means that the upside of the market is gradually opening up. It is worth noting that the current trend presents a "step by step" volatile upward characteristic, and the price is accompanied by a certain degree of correction in the process of rising. In view of the large base of Bitcoin price fluctuations, investors need to respond flexibly in close combination with the disk pattern when operating. On the whole, going long is still the main strategy of the current short-term operation.
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The rise of the ether synchronous pie regained to 1657, the current disk, the daily structure broke through the early suppression of the strong Yang k continuation of the bulls to recover, and the recent Doji K consolidation of the daily line of the washing rhythm, and the strong performance of the bulls, the current market is concerned about whether the MA30 line can break through and stabilize. Before Ethereum scolded and scolded, but now the upgrade on May 7 is coming, this is the last wave of sprints, how to say it will usher in some heat, and the four-hour line of the small cycle to see the market continuous closing line, the market from the lower track to break through the upper rail of the suppression, the current strength has not been too much of a pullback, the main force of the pressure to pull the plate, and in the case of the recent surge, the probability of the pullback will also end, the probability of the opening of the US stock market will not continue to open low, so you don't have to worry too much about the market will have a deep pullback of long and short double washing. In the evening, the retracement continued to be long. #WCTC S7 报名开启# #SOL 质押市值超越 ETH# #BTC 能否突破90k?#