Crypto Circle Academician: On 4.23, Bitcoin (BTC) spikes to the top at 79,000! The daily K trend is already set—don’t miss the latest market analysis and trading advice for 4-hour long/short opportunities

BTC current price is 78,950. The current chart is in a frantic upward surge mode. Many crypto friends are asking: Can I still chase longs now? Will there be a sudden sell-off? Stop guessing wildly! I’ll break it down for you directly using the daily K and the 4-hour dual-cycle technical setup—trend, momentum, resistance, and support—so you fully understand. No need to look at those vague analyses. After you’re done reading, you’ll know exactly how to plan your next moves. Your long/short entry points and stop-loss levels are all marked for you—just follow it and execute!

The daily K-line is currently in a strong northward (upward) trend. After breaking the previous high, the price continues to rise, and the moving average lines arranged in a northward pattern are still intact. The medium-term trend hasn’t turned bearish yet. The MACD red bars keep expanding, and the northward momentum remains strong. DIF and DEA continue rising above the zero line, and the uptrend is still intact. The Bollinger Bands are opening upward, and the price is moving near the upper band, indicating that upside space has already opened. However, the current price is at a historical high, market sentiment is overheated, and the risk of a pullback is building up—chasing after a rally at high levels requires caution.

The 4-hour cycle signals show that BTC is in a high-level, sideways-to-slightly-bullish consolidation. The price oscillates upward while leaning on the EMA15 moving average, and the northward rhythm has not been interrupted. But the MACD red bars continue to shorten, and DIF and DEA are sticking together at high levels, showing a clear decline in northward momentum. A potential bearish divergence signal is forming. The Bollinger Bands have started to converge. The price repeatedly tests near the upper band, indicating that overhead selling pressure is increasing and that short-term pullback demand has already appeared. At these high levels, the risk-reward efficiency of chasing longs is very low.

Short-term trading idea reference: Follow the big-cycle trend—tight stop-loss, quick entry and quick exit

If the price moves north from 77,500 to 78,000, set a stop-loss at 76,800, and a target at 79,500 to 81,000

If it moves south from 79,500 to 80,000 and meets resistance there, set a stop-loss at 80,500, and a target at 78,000 to 77,000

Right now, BTC is a classic sentiment market: when it rises, it surges with the crowd; when it falls, it drops faster than anyone else. The risk of chasing longs at high levels is already far greater than the potential upside. Don’t think that if you miss it now, there will be no chance—because the market never lacks opportunities. Whether long or short, you must set a stop-loss. Don’t hold positions blindly. Once the trend reverses, if you get trapped at high levels, it’s hard to get out and recover your funds! $BTC ‌#比特币反弹