April 18th Bitcoin Market Analysis



Bullish arrangement confirmed: MA7 (yellow), MA25 (pink), MA99 (purple) are arranged from top to bottom in order, and the price has consistently stayed above the moving averages.
Short-term signal: The current price (77,235) has broken below MA7 (77,242), indicating that the short-term upward momentum is weakening, and there is a possibility of retesting MA25 (76,306). This is a normal correction signal during an upward trend.
Trading suggestions:
It is not recommended to chase long positions at the current high levels. You can try a small short position in the 77,400-77,600 range, with a stop loss above 78,500, targeting the support level around 76,500.
BTC0.74%
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