4.8 Pie Evening Thoughts

From the 15-minute level, the price of the coin has long been at the lower bound, indicating a short-term overselling phenomenon and a demand for a rebound. Both the short-term and long-term moving averages are tilted downward, confirming that the market is in a downtrend. The resistance above is at 79500, and if it cannot reclaim the short-term support at 78700, it may further seek lower support.
The one-hour Bollinger Bands are narrowing, which may lead to significant volatility. If it breaks below the middle band, attention should be paid to the support at 76000. On the four-hour chart, it can be seen that the market is repeatedly testing resistance and support, with weak rebound strength, favoring the bears. If it can break through the four-hour middle band as well as the 7-day and 30-day moving averages, it may shift to a short-term bullish trend.
The evening idea can wait to test the 79000 support and then rebound:
Near 787-792, 🎯805-812, defend 783, if broken, look towards 76000 in the opposite direction.
Strictly control positions, manage risk well, and carry stop losses without resisting.
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