BTC is consolidating in a narrow range and waiting for a rebound due to HT's positive news

Market Sentiment: Fear & Greed Index 42 points (Fear)

【BTC Technical Analysis】

On April 27, BTC/USDT fluctuated in a narrow range and closed with a doji on the daily line. Trading was light, market sentiment was low, and the fear index dropped to fear. From the current line, 5, A and 10MA suppressed the price. If it does not break through the moving average pressure in the short term, it will enter a weak shock consolidation pattern. The upper 5340 line of pressure is the recent long-short watershed. If it runs below 5340, it will be considered a weak market, and vice versa. It is advisable to wait and see in the near future for the spot to wait for further clarity of the direction. Today's support is expected to be US$5280 and US$5250, and the pressure will fall at US$5330 and US$5340.

【BTC Trading Strategy】

If BTC/USDT does not exceed $5,340 on April 28, or falls below $5,300, it will be on the short side. If it holds $5,340, it will be on the long side. The short-term operation tips are: wait for oversold to make a long order, wait for overbought to make a short order, and do not make a single order if the market goes sideways.

【HT Technical Analysis】

On April 27, HT/USDT fluctuated upward in a wide range, and the daily line closed with a long small positive line. Judging from the current line, the daily line found support near the previous low of 0.382 and rebounded. The recent fundamentals have been favorable, leading to a price rebound. It is still the original plan to enter long orders on every correction in the 2.2 to 2.3 range, and it is not advisable to chase highs. Today's support is expected to be US$2.25 and US$2.20, and the pressure will fall at US$2.30 and US$2.35.

【HT Trading Strategy】

On April 28, if HT/USDT holds steady at $2.25, it will be on the long side. If it does not exceed $2.25, or falls below $2.20, it will be on the short side. Short-term operation tips: wait for oversold to make a long order, wait for overbought to make a short order, and do not make a single order when it goes sideways.

Andy: Biwen’s special market analyst, Bishijie’s market analyst, AEX market analyst, Distinguished Market Analyst, Bishijie City Club Hangzhou Chairman, Huobi Community Gold Partner, Babbitt KOL.

Note: This analysis chart uses Huobi and Binance technical charts

The content of this article is for reference only and does not constitute investment advice. Investment is risky and investors act accordingly at their own risk.