April 17 Morning Bitcoin Reference


Currently, after a sharp dip and rebound, the market is in a high-level consolidation and ranging phase, and overall it is showing a choppy trend with a slow recovery after a sharp selloff.
The rebound pace of the bulls is relatively steady; the room for short-term pullbacks is being gradually compressed. The market mainly focuses on range-bound consolidation and power accumulation for repair.
Combined with the fact that the weekend is approaching, in the short term there are no obvious signs of a clear one-way breakout with increased volume, and both the bulls and bears are temporarily locked in a deadlock and balance.
Key resistance is concentrated in the 75,500-76,000 range. If the market touches this area and shows signs that the rise can’t continue—followed by a stagnation and pullback—one can gradually place short positions in line with the trend to bet on profit opportunities from a technical correction
Trading suggestion: Buy on a pullback near 74,000-74,500
Target 75,500
If 74,000 breaks through, switch to a short position; target 73500$BTC #Gate13周年现场直击
BTC5,22%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin