April 23 Morning


Thought Process Analysis:
In the early morning, Bitcoin staged a deep waterfall, precisely probing near 77,500. The bearish outlook from yesterday was perfectly fulfilled! The current rally has been a pattern of the main force luring longs and squeezing out short sellers' stop-losses. We have consistently adhered to not chasing the rise, only establishing short positions at high levels, with the rhythm fully aligned with the trend.
Technical aspects are clear: since April, Bitcoin has remained in an upward channel, currently touching the upper band, forming a classic "compression—waiting for a breakout" pattern. The daily RSI is forming a symmetrical converging triangle, not overbought, indicating buying momentum still has room to continue; however, the 4-hour chart shows bearish divergence, with short-term momentum continuously weakening, and a reversal window approaching!

Trading Suggestions:
Bitcoin: rebound between 78,400-78,800, target 77,000
Auntie (Altcoin): rebound between 2,370-2,380, target 2,310
#比特币反弹 $BTC $ETH
BTC-0.91%
ETH-3.17%
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