Huazi on the Market 4.14 Evening Market Analysis:

After surging to the upside in the morning session, Bitcoin (the “big pie”) has held at high levels and continued to range. On the 15-minute timeframe, the price has stayed above 74,000 and has continued consolidating. The performance of order-flow support is strong. After a short-term pullback to build momentum, bullish momentum is sufficient. The MA7 moving average is gradually stabilizing and starting to turn upward, and it is getting strong support by the MA30 moving average as well. In the evening, the market will most likely continue an oscillating upward pattern. Pay special attention to the 73,800-74,000 strong support zone below. Once support stabilizes, you can look for longs in line with the move, with a chance to once again challenge the upper resistance at higher levels.

Ethereum is moving in sync with the “big pie” as well. The price is currently ranging and consolidating around 2,376. The current pullback is a healthy accumulation of momentum. Going forward, volume is expected to continue to follow through and expand. In the evening, it will likely rise in tandem with the broader market as it ranges higher. Focus on the 2,350-2,360 strong support below. Overall, the outlook remains range-bound but biased toward longs; a pullback is an opportunity to go long at lower prices.

Trading Reference
For Bitcoin: pullbacks in the 73,800-74,200 range can be used to place long orders. Targets are 75,000-76,000. After a breakdown, look further toward 77500

For Ethereum: pullbacks in the 2,350-2,370 range can be used to place long orders. Targets are 2400-2440. After a breakdown, look further toward 2500#WCTC交易赛瓜分800万USDT #Gate13周年 #加密市场回升 #美军封锁霍尔木兹海峡 #Strategy上周购入13927枚比特币