April 24 $BTC Market Analysis

The strategy I shared with everyone yesterday was that as long as the price does not break below 77,200, we still expect a rebound 📈. Yesterday, it just retested this level and rebounded, perfectly following our expectations and continuing 🤔.

Currently, from the overall market perspective, the bulls are still in control, but today is Friday, and this week's market movement is basically coming to an end, as the weekend approaches. The weekend is likely to be characterized by volatility, so at this position, it’s not very suitable to go long. Wait until the correction is complete before considering new positions. For now, keep an eye on whether the 77,200 level can hold or break during the day. If it doesn’t break, the price will continue to fluctuate between 77,200 and 80,600. The short-term risk on the hourly level is that if the hourly chart breaks below, attention should be paid to short-term risks. If the price continues to oscillate around 77,200 and makes new lows, there is still an opportunity.

In summary, even if there is a downward correction, it is unlikely to be deep; the main focus will still be on oscillation and rebound.

Support: 77,200 - 73,700
Resistance: 79,200 - 80,600