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April 26 Evening Bitcoin and Altcoin Analysis
Reviewed the 4-hour major cycle market, BTC Bollinger Bands significantly contracted and converged, indicating the overall market has entered a range-bound consolidation phase preparing for a breakout. The price is firmly above the middle Bollinger Band, with a solid medium- to long-term bullish foundation, and the bullish trend continues to strengthen and solidify.
Major cycle moving averages are all turning upward in sync, spreading out in an orderly manner, forming a strong support barrier, effectively blocking downward space; the KDJ indicator completed a golden cross at a low level and has been rising steadily, with bullish momentum continuously accumulating and releasing.
From the 15-minute short-term chart, the market is experiencing a normal rebound and shakeout during an upward move, not a trend reversal to bearish. Currently, the price has fallen back to the moving average support zone, with a large buy order of $44.9M from major institutional investors below, showing strong low-level support and protection, fully closing off deep downside space.
The overall bullish pattern remains stable, with complete and strong buy signals. The evening market has sufficient upward momentum for further attack. A personal suggestion:
BTC Bitcoin
Pullback to the 76,800-76,000 range, buy in batches
First target around 78,800, second target above 80,000
ETH Altcoin
Pullback to the 2,280-2,250 range, buy in batches
First target around 2,350-2,400