Wednesday, 4.8, the yellow-haired guy still chickened out, pulling back to continue the bullish trend

In the early session, the yellow-haired guy was being aggressive about the current weird situation in the US-Iran conflict, hoping that major banks would stop fighting under a ceasefire agreement. The market instantly surged strongly. Currently, Big Bing is already up at around 71,600. He really is the king of trash talk. He was saying yesterday that they were going to fight, but today he’s willing to stop the war—truly a genuine troublemaker. In the recent playbook, Jiang Jin has always been positioned bullish, and the market has also been in line with our expectations. Since April, there has been a steady pattern of oscillating upward moves. We’re bullish and going long, and we’ve been eating all the way without stopping. In the Asia session, it surged strongly; in the afternoon, it pulled back and continued to go long.

From the current price action, the short-term trend is definitely bullish. On the daily chart, a big bullish candle surged; since it rebound from the low at 65,000, each day has been printing a new high. At the moment, the candlestick bodies are full, and the continuation of the longs is still relatively strong. Another point is that the MACD histogram has returned above the zero line; with short-term bulls gaining strength, it’s expected to see some continuation as well. In the short term, the hourly chart shows an overbought signal, so you need to be careful to prevent a pullback. If taking entries, you can refer to participating based on the afternoon pullback and correction.

For Wednesday morning, the recommendation is to go long around Big Bing at 70,800-70,000, with targets in the 72,000-74,000 range. $BTC