"April 22 Market Analysis: As Expected, a Rise. Where Is the Expected High?"
Bitcoin finally broke out of this consolidation today, completing another upward surge. Yesterday, the analyst analyzed the daily indicators and suggested a more bullish outlook; here, the analyst also leans toward a bullish view. Since the rise is as expected, we need to discuss the target level: is it a false breakout to 7,800 or a full push above 80,000? Let's first identify the key levels!
$BTC First, on Bitcoin, if it hits 78,900 and then quickly pulls back, it will continue to move sideways rather than decline. If the 78,900 level does not retrace, we can look forward to a major resistance at 81,100. I don't oppose shorting at 81,100; in fact, it's a place where you could potentially make a few thousand points profit.
$SOL Soko mentioned yesterday that there was resistance at 86.7, and after a pullback last night, it again broke above this level this morning. The next resistance to watch is at 89. For long positions, consider buying on a pullback near the green trend line or at 85.
$ETH For Ethereum, today's approach is to see if the resistance zone between 2420-2440 will pull back, then look for support at 2330 or along the trend line for a rebound. Ethereum's momentum is not as strong as Bitcoin's, but the overall high-low rhythm remains tradable—shorts at the top, longs at the bottom. If the above resistance levels do not pull back, then watch for resistance at 2490.
In summary, with the market moving upward again, we see the possibility of key levels approaching. On the daily chart, we should also watch whether the formation of consecutive bullish candles will lead to a surge straight to 81,000! If you don’t understand the market or are unsure about the direction, welcome to join the analyst.
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