April 19 Evening Analysis

BTC, during its technical rebound of surging higher and then pulling back, still has not escaped the structure dominated by bears.
On the news front, the market expects the Federal Reserve to maintain a hawkish stance, the US dollar index remains strong, and combined with short-term profit-taking by institutional funds, this further suppresses the bulls' momentum for a counterattack.
The upper band of the Bollinger Bands continues to decline, and the middle band has turned downward. Although the current price briefly broke above the middle band, selling pressure above has not eased, and trading volume has not effectively increased with the rebound, indicating that bullish momentum is severely lacking and unable to drive a trend reversal.
The heavy selling pressure from trapped positions near the previous high remains, and once the key support below is broken, a new round of decline is likely to begin.
In terms of trading, it is recommended to stay cautious, prioritize opportunities for a second decline after encountering resistance.
Yifan personally suggests shorting in batches within the 75,500-76,500 range, targeting around 74,800-74,000, with strong support at 73,500 below.
Breaking below could lead to a drop toward 72,000.