4.18 Big Pancake Midday Analysis

After the price surged and then pulled back, the upper band of the Bollinger Band turned downward; the band opening is in the early stage of contraction after an expansion, and the short-term upward momentum has clearly weakened. The current market is in a consolidation and range-bound phase after a rally, with intensified competition between bulls and bears. It is recommended to focus on range trading; once the direction becomes clear, add to positions in line with the trend.

For support below, watch 76500-76800. If the pullback stabilizes, you can try a light long position, with targets at 77800-78300. For resistance above, watch 77500-78300. If the rebound is met with selling pressure, you can try a light short position; if the price breaks through and holds above this range, the uptrend will continue, and you can add long positions accordingly, with targets at the 80000 psychological level.

Trading is slow over the weekend—be sure to strictly set stop-losses, control your position size, and avoid large losses caused by short-term volatility.

On the road of trading, risk control is your steadiest support. Hold the line, and you’ll be able to go further. #BTC #ETH #BTC走势分析