BTC Daily Market Breakdown (April 23)
The predicted drop to $50K** materialized dramatically, with BTC plunging to **$48,613 during early trading hours. Key observations:
- Daily Chart: Bearish candle closes below Bollinger Band lower boundary, signaling strong downward momentum.
- Indicators: Expanding Bollinger Bands + downward-sloping RSI/MACD suggest continued weakness.
Critical Levels:
- Resistance: $52,700 (primary), $53,800 (secondary)
- Support: $48,600 (must hold to prevent extended decline)
BTC Trade Strategy
👉 Smart contract traders should watch these levels closely
| Position | Entry | Target | Stop Loss |
|---|---|---|---|
| Long | ~$50,100 | $51,500-$52,500 | $49,200 |
| Short | ~$52,700 | $51,800 | $53,100 |
ETH Market Outlook (April 23)
Ethereum mirrored BTC’s nosedive, collapsing 500+ points intraday. With daily SMA supports broken:
- Short-Term Bias: Bearish until $2,280 resistance flips to support.
Trade Setup:
- Short: $2,280 → $2,220 (1:3 R/R)
Core Keywords Identified
- Bitcoin price prediction
- Ethereum trading strategy
- Crypto market analysis
- Bollinger Band breakdown
- Support/resistance levels
- Risk management in crypto
- Bear market tactics
FAQ: Post-Crash Crypto Concerns
Q: Is this a long-term bear market or temporary correction?
A: The break below $50K suggests medium-term bearishness, but watch for institutional accumulation near $48K.
Q: How should leverage traders adjust positions?
A: Reduce exposure to 3-5x max and set tighter stop-losses during high volatility.
Q: When might ETH recover?
A: Ethereum needs to reclaim $2,350 decisively to invalidate the bearish structure.
👉 For real-time alerts on market reversals, follow our updated tracker
Disclaimer: Prices change rapidly—verify levels before execution. Always use stop-losses.