Mr. Coin in the Crypto Circle: 4.21 Bitcoin (BTC) Market Analysis Reference

The current price of Bitcoin is 76,000. First, look at the overall trend; on the daily level, the BTC overall ascending channel has not been broken, and the price is steadily above critical support, indicating a temporary bullish direction. However, it is important to note that the recent upward momentum has clearly weakened, and the KDJ indicator is turning down from a high position, suggesting short-term pressure for a pullback, so do not blindly chase highs. On the 4-hour chart, after dropping from a high of 78,300, it stabilized at the support level around 73,600. The MACD green bars are constantly shrinking, and the KDJ has also formed a low-level golden cross, indicating that the downward momentum has exhausted, and there is a demand for a rebound in the short term.

Looking at the short cycles of 1 hour and 2 hours, the trend of rebound is more obvious, the price is moving closely along the upper Bollinger Band, and both MACD and KDJ have given bullish signals, suggesting a high probability of continued upward movement in the short term, testing the strong resistance area between 76,300 and 77,300. Currently, the situation is characterized as ‘overall trend is bullish, short-term rebound, but there is significant resistance above.’ If the rebound cannot stabilize at the critical position of 76,000, the rebound will likely end and fall back to retest lower support. Therefore, it is recommended to focus on taking short positions during the rebound. Pay attention to the resistance at 76,500 and the next target at 77,300. Follow Mr. Coin for real-time analysis of the market.

4.21 Bitcoin Short-term Reference:

In the range of 76,800-77,800, defend at 79,800, stop loss at 500 points, target below 76,000.

In the range of 73,800-74,800, target above 75,500, stop loss at 500 points.

The release of information may be delayed, and strategy suggestions are for reference only. The market changes rapidly; no matter how confident you are in the market judgment, always ensure you have stop-loss and take-profit measures in place to secure your gains.

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