4.20 Afternoon Bitcoin Market Outlook

Bitcoin’s afternoon market today continues the morning bearish structure. After yesterday evening’s rally pushed up to a high near 76,200, it met resistance and, under pressure, slid into a sustained one-way deep pullback. During the day, the low dipped to around 73,666. In the afternoon, the price slightly oversold and rebounded to make a technical repair; currently it is trading near the 74,300 area.

The market highs keep moving lower while the lows keep getting refreshed. The strength of this rebound is extremely weak. Each time the price rebounds upward, it meets resistance and falls back under pressure. Throughout the entire move, the downtrend dominates the market’s rhythm. Overall, the core idea remains unchanged: when it rebounds, you short.

In terms of chart structure, the price has never been able to regain the prior breakdown ground. On the 15-minute timeframe, it maintains a standard step-by-step decline and pullback structure. Multiple short-term supports are broken one after another. Bearish momentum continues to expand and release volume. Overhead pressure keeps stacking up layer by layer. The bulls’ rebounds have no follow-through at all; the brief bounce is only a technical correction.

Trading Recommendations

Short on the rebound in the 74,600-75,100 range. The first target is to look down at 73,800. If it breaks, follow the move down toward 73,000-73,500. If the deep continuation of the downside extends further, you can continue to look toward around 72,900.#美伊冲突再起引发市场动荡 $BTC $ETH