Good morning everyone, this week is the last week of April. How will the monthly candle close? How will the market move this week?
According to the latest US-Iran news, the second negotiation will be held today, and the market is also waiting. However, the authenticity of this news is uncertain and needs further confirmation. Also, if negotiations occur, it’s unclear whether they will be conducted via phone or other methods. Since there is very little information at the moment, it is recommended to be cautious. Additionally, this Thursday early morning Beijing time, the US interest rate decision and Powell’s speech will take place. Due to the impact of the US-Iran conflict, I personally think maintaining the current rate is already good.
From the weekly chart perspective, the market has been rising continuously in recent weeks, and the overall weekly trend remains healthy. Most other cryptocurrencies are showing weakness, which indicates that the current market is more focused on whether the main index can effectively break through and hold above 80k. If it can break through effectively, the target is around 85,000. Meanwhile, many altcoins may experience a wave of catch-up gains. More importantly, the main index will likely enter a large-scale downtrend and then form a new upward trend structure. Therefore, I personally believe the overall trend for this week is bullish.
Based on this, if spot positions have not yet been established, it is recommended to buy gradually on dips. For futures, you can try to go long on dips to follow the trend.
Looking at the daily chart level, the short-term fluctuation range for the main index is 77,500-80,000, ETH’s short-term range is 2,330-2,430, and SOL’s short-term range is 86-89.
Today’s contract strategy:
BTC: 78,000 or buy on dips, take profit at 80,000
ETH: 2,360 or buy on dips, take profit at 2,430
SOL: 86.5 or buy on dips, take profit at 89
Warm tips:
1. Stop-loss suggestions should be set based on your actual liquidation price and your ability to bear losses.
2. Don’t be greedy; lock in profits when possible. Better to take small losses than to hold and face larger ones. If the direction is correct, continue to hold.
$ETH
$SOL
$BTC
