4.24 BTC Bitcoin Market Analysis and Trading Strategies

Bitcoin yesterday showed a very strong correlation with the US stock market, with the price being pressured and falling back from around 78,600. After dropping to the key support area of 76,900, buying strength quickly absorbed the decline, resulting in a strong bottoming and rebound.

From the current market structure, the overall trend is operating below the middle band of the Bollinger Bands, with short-term bearish momentum still dominating the market; however, the bullish forces below have not completely exited, and are in a state of accumulation and observation, ready to enter the market and provide support at any time.

In terms of trading rhythm, do not blindly chase short positions during a decline. The true victory or defeat of the market is often revealed after a rebound. The most important point in trading now is to stay calm, be patient, and avoid being disturbed by short-term oscillations. Wait for the price to rebound and rise, and for a clear reversal point of resistance to appear before taking short positions. This will greatly improve safety and risk-reward ratio.

Today's practical trading reference

When the rebound reaches around 78,000 resistance zone, consider gradually opening short positions in small quantities
The primary target for this round of decline is the strong support level below at 76,000

Markets are ever-changing, but the fundamentals remain the same. Use objective rules to understand the trend, and strict risk control to protect profits. #WCTC交易王PK #加密市场行情震荡 #rsETH攻击事件后续进展 #BTC #ETH