$BTC 4.16 Evening Bitcoin Latest Analysis and Strategy

From the 15-minute chart, this wave dropped directly from the high of 75,425 to the low of 73,309, with a long bearish candle breaking through the recent consolidation range. Currently, the price is hovering around 73,880, having just recovered from a low point. The 24-hour volume and volatility are significant, indicating that capital disagreement has already emerged, with bulls and bears starting to scramble for positions at the lows. But note, the current rebound has not yet stabilized above a critical level. Whether this can reverse depends on the key level I marked at 73,790, which is a support-resistance flip point.

Evening Trading Strategy
If the price stabilizes above 73,790 and retests without breaking below: it indicates bulls have absorbed the selling pressure. Consider entering long positions targeting the 74,600-75,000 range, possibly challenging the previous high of 75,425.
If the rebound weakens and the price falls back below 73,790: this wave is likely a trap for longs, and bears will probably push further down, testing the support at 73,300, with a risk of dropping to 72,800.