April 22 Evening


Thought Process Analysis:
In the evening, Bitcoin surged to 79,270 then moved sideways with narrow fluctuations. It appears strong but secretly harbors danger. The daily chart looks like consecutive gains, but in fact, it is severely overbought at high levels. The upper band of the Bollinger Bands is under obvious pressure, and the MACD fast and slow lines diverge at high levels, indicating that bullish momentum is about to exhaust.
Current consolidation is not for gathering strength but to lure in buyers and distribute. Trading volume cannot keep up with the price, and the four-hour rebound is weak, with buying support superficial. Once the support breaks, a rapid decline will follow. Do not chase highs; the correct approach is to position for short positions at high levels. Be alert to the risk of a pullback after a surge!

Trading Suggestions:
Bitcoin: Rebound between 79,200-79,400, target 78,500, 78,000
Altcoin: Rebound between 2,410-2,420, target 2,370, 2,360
#比特币反弹 $BTC $ETH
BTC3,93%
ETH3,56%
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