April 14th Bitcoin Market Analysis



The 1-hour timeframe shows a strong unilateral upward trend, with the price rising from the early morning low of 2173 on April 14th, reaching a high of 2395.85. The 24-hour increase exceeds 8.91%, with bullish forces fully dominating the market.
MA7 (2367.89), MA25 (2282.52), and MA99 (2240.10) are in a perfect bullish alignment. The price is aggressively pushing along the MA7, and the moving averages provide strong support to the price. This is a typical upward trend structure. DIF (43.38) > DEA (38.64), and the MACD histogram is positive, indicating that bullish momentum remains. However, DIF shows signs of turning downward, and the histogram is shrinking, suggesting that short-term upward momentum is weakening and a correction or consolidation is needed. This is not a trend reversal. During the rally, trading volume surged significantly, confirming the validity of the upward move. Currently, during the pullback, volume is decreasing, which is a normal volume contraction in an uptrend, with no signs of a bearish breakdown caused by volume spikes.
The trend remains intact. After a stabilization during the pullback, go long to continue the trend and profit from the extension.
Trading suggestions:
First target: 2390-2400
Second target: watch the 2500 round number $ETH
ETH-1,2%
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Jimmychen
· 14h ago
冲就完了 👊
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Jimmychen
· 14h ago
Did everyone who got on ETH yesterday get their share? Right now, the bulls are pushing the market up from 2065 to 2075 and keeping it sideways, constantly luring shorts. From the chart, the rally volume yesterday completely diverges from the candlesticks, indicating that the long-side main force is wiping out the shorts. They’re still continuously luring shorts—hold your chips tight; the target is 2400 to witness a miracle.
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