Crypto Circle Mr. Coin: 4.24 Bitcoin (BTC)) Market Analysis Reference

Currently, the price is stuck around 77,700. There is no more than a 1-point drop intraday. Today, after an overall push higher to 78,788, it started to pull back and do a washout/shakeout.
On the daily chart level, the larger uptrend is completely intact— the bottom has been rising step by step. However, the indicators are dulled at high levels, and the breakout/upward momentum has clearly weakened. After hitting the prior high of 79,444, it entered a consolidation and repair phase following the rise.
The 4-hour MACD has officially formed a dead cross and turned green. There is some pressure for a short-term pullback. On the 1-hour chart, it has repeatedly tested downward; on the hourly line, the shorts are completely in control. The rebound strength in the short term has also weakened.
The big trend is still bullish, but in the short term and on smaller timeframes, there must be another wave of pullback, washout, and shakeout!
The first short-term resistance above is at 78,500–78,800. The strong resistance is still at 79,400–80k (the 8万 level). As long as this area is not broken, it is difficult to see a new round of a major rally in the short term.
The first support below is 70,000. The strong support is the intraday low of 76,500. The extreme trend support is at 74,500.
If the short-term rebound fails to break 78,800, prioritize expecting a pullback. If the price retraces around 76,300 without an ineffective breakdown (i.e., it does not break down and you see a stabilization/stop-the-bleeding signal), then look to buy the dip and go long. Wait patiently for the golden retracement buy-in zone of 75,000–76,000.
Price action can change in an instant. Follow Mr. Coin and let you analyze the market in real time.

4.24 Bitcoin short-term reference: the range is 78,300–79,300. Hold defense at 79,800. Take profit/stop loss: stop loss at 500 points. Targets: below 75,500, with the 74,800–75,800 range for target. Target above 76,500. Stop loss 500 points (sending may be delayed). Strategy suggestions are for reference only. The market can change in an instant. No matter how accurate your judgment is, always make sure to set your take-profit and stop-loss—lock in gains with a safe landing.
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