4.20: BTC pattern is repeating history, and the results are eerily similar?

BTC surged to $78,300 on the evening of 4.17 and then pulled back, successfully relieving the short liquidity at $76,000, with tactics similar to the rally on January 14.
The pattern clearly forms a bullish trap, with very well-designed candlestick patterns.
Quickly breaking out above the nearly two-month oscillation upper boundary at $76,000, creating an impression of a continuously rising high.
In fact, during a bear market, it’s really difficult to see a bullish trend from a short position; most are based on rebounds at support levels rather than a large upward wave.
Since the price failed to hold the bullish position after breaking resistance, it then triggered a nearly $5,000 decline, indicating that there are still significant selling pressures in the market.
If the main force wanted a genuine rally, they should have seized the opportunity to push the market higher, prompting retail investors to buy long and push the price toward the $90k mark.
But the opposite happened: after clearing out short positions, it triggered buying from longs, then locked in longs at high levels before pulling back.
Currently, whether the price will further rise depends on a clear pattern: whether it will surpass the previous high of 78,333 and recover lost ground.
If such a move occurs, it indicates that the main force has higher short-term price demands, and the next phase could see pressure close to the $90k level.
The medal analysis suggests that the main force is more likely to continue with the previous trap pattern before the sideways decline, meaning the recent peak was a top, followed by a slow decline, heading into a long downward wave.
The price is expected to stay oscillating around the support zone of 50,000-55,000.
Since there is still ample time before the end of the bear cycle, and the price is still far from the bottom, the overall outlook remains bearish.
In terms of trading entries, continue to follow the high-level shorting strategy, with stop-loss at the recent peak two days ago.
Specifically, it is recommended to short in the 75,500-76,500 range, add positions at 77,500, with a stop at 78,500, and short-term targets at 73,500 and 72,500;
Medium to short-term targets are around 71,000, with a longer-term support below 68,000. #比特币