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4.18 Saturday Bitcoin Market
Bitcoin surged strongly up to the 78 level, with the bulls fully exploding! For those who previously opened longs around 74 and were looking at a 77 target, the gains from this move have already been securely in hand.
With the market’s bullish sentiment currently running high, funding rates remain elevated with no major pullback likely in the short term. A large number of short positions are trapped, and the main players won’t easily give an opportunity to get out. Most likely, they will clear out the shorts first, and only after the market’s chase-the-long sentiment grows will they switch.
In terms of execution, buy Bitcoin in batches on the pullback from 76800-76400, looking for 77500-78000; buy Ethereum at 2410-2390, looking for 2440-2450.
#币圈 #区块链 $BTC $ETH