"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. #GatePreIPOs首发SpaceX
BTC1,68%
SOL2,37%
ETH2,4%
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StargazerInTheWoods
· 3h ago
Bitcoin is strong, Ethereum is weak—this statement is so true. ETH still needs to wait for a pullback before making a move.
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YieldNotYell
· 7h ago
I'm also waiting for the ETH 2420-2440 range; it's safer to buy again after a pullback near 2330.
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Stop-LossIsLikeAConfession
· 7h ago
I’d rather see volume backing it up; otherwise, once it reaches 78,900/81,100, it could easily turn into a long trap.
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ContrarianIndicatorBonsai
· 7h ago
After SOL returned to 86.7, the trend clearly got smoother. Once it breaks through the 89 resistance level, it feels like it will accelerate.
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SudoSage
· 7h ago
I prefer to wait for the price to bounce off the green line before entering, as chasing the rise is too easy to get shaken out.
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OrigamiMountainsAndRivers
· 7h ago
You can short 81,100 and aim for a few thousand points, but make sure to set a good stop-loss; don't get wiped out in one sweep.
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ZeroSlippage
· 7h ago
Clear explanation of resistance levels: 78,900, 81,100, SOL 89, ETH 2440/2490. Let's make plans based on these points today.
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GateUser-3f3455c7
· 7h ago
I'll just pretend I didn't see that Gate tag, haha. The main focus is still on the entry points and rhythm. Let's make money first.
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Coconut-FlavoredGasFee
· 7h ago
The question is, if 81100 breaks through strongly directly, where do you think the pullback confirmation level will be?
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NonceWhisperer
· 7h ago
Ethereum this round really can't keep up; it seems funds have all gone to BTC and SOL, not to mention altcoins.
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