$BTC April 17th midday analysis


Currently at 74,790, trading within a narrow range during the day, forming a V-shaped rebound after testing the bottom at 74,480
Bollinger Bands are narrowing and flattening, price is closely hugging the upper band with resistance, short-term bulls are dominant
MACD is showing a low-position golden cross with increasing volume, bearish momentum continues to weaken, but the long-term downward structure remains unchanged
Resistance above at 74,813-75,075, strong support below at 74,676-74,480
In the short term, rely on the middle band to continue the rebound, avoid chasing highs, tighten stop-loss, and seek stability in the oscillating market while gradually identifying the trend. Currently, follow the morning strategy for trading.
BTC4,97%
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