4.20 Monday, oscillating upward; pullbacks continue to go long

During the day, the overall market mainly moved upward with oscillations. After probing the low at 73600 in the morning, it gradually rose. In the morning, we provided a long setup on BTC at 74000-73500, and for now, we’ve already captured three rounds of upward gains. Multiple short-term pullbacks have been quickly pulled back each time; in the short term, bulls remain in control. In terms of execution, continue to maintain a “go long on dips” mindset.

From the daily chart perspective, the moving averages still remain in a bullish alignment. The larger uptrend has not been broken, and the medium- to long-term outlook remains relatively strong. After a pullback to a key support level on the 4-hour timeframe, price began to stabilize and rebound. Bearish MACD momentum is gradually shrinking, with histogram energy decreasing. The KDJ indicator, at low levels, has formed a turning upward, making the short-term rebound signal relatively clear. The Bollinger Bands channel continues to run with an upward opening. As long as the key support is not effectively broken to the downside, the probability of further upward push tonight is very high.

For Monday night, trading suggestion: go long at 75000-74300 on BTC, with targets in the 765000-77500 area. $BTC