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$BTC Analysis for the evening of April 20
Currently, the market price is operating above the middle band of the Bollinger Bands, with the upper band continuously opening upward, and the middle band rising in sync. The short-term trend has shifted from consolidation to a bullish pattern, with bullish momentum being released in an orderly manner. The price has found strong support near the middle band. As long as the evening correction does not break below this key level, the probability of testing the upper band or even breaking previous highs will significantly increase.
Since the previous low point stabilized, the market has formed a standard upward structure with lows and highs rising in sync. During the correction phase, bearish candles continued to shrink in volume, while rebound bullish candles clearly increased in volume, indicating sufficient support at lower levels and that selling pressure above has been gradually digested. The dominance of the bulls is continuously consolidating.
Overall market sentiment in the evening is relatively warm, with correlated assets moving higher in unison. Signs of capital inflow are obvious, and no panic selling has appeared, providing good external support for the continuation of the bullish trend.
In terms of operation, the overall strategy is mainly to buy on dips and follow the trend to go long, avoiding chasing highs. Wait for support levels during corrections to gradually deploy positions. A personal suggestion is around 73,000-73,900, with targets near 75,800-76,800.