Crypto Circle Mr. Coin: April 21 Bitcoin (BTC)) Market Analysis

Referencing the current price of 76,000, first look at the overall trend on the daily chart.
BTC is still within an upward channel overall and has not been broken.
The price is steadily above the key support level.
The main trend is still bullish for now.
But note that the recent upward momentum has clearly weakened, and the KDJ indicator is turning at high levels, indicating short-term pullback pressure.
Don't blindly chase the high.
On the 4-hour chart, after falling from the high of 78,300, it stabilized around the support level of 73,600.
Currently, the MACD green histogram is shrinking, and the KDJ has formed a low-level golden cross,
indicating the short-term downward momentum has exhausted, and there is a need for a rebound.
Looking at the 1-hour and 2-hour short cycles, the rebound trend is more obvious,
the price is hugging the upper Bollinger Band, and both MACD and KDJ are giving bullish signals.
In the short term, it is likely to continue upward, testing the strong resistance zone of 76,300 to 77,300.
Right now, it is a state of "main trend biased bullish, short-term rebound, but with significant overhead pressure."
If the rebound cannot stabilize at the key level of 76,000, the rebound will likely end, and the price will retest the lower support.
Therefore, the suggested operation is mainly to short on rebounds.
Watch the resistance at 76,500, and the target at 77,300.
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April 21 Bitcoin short-term reference:
Range of 76,800-77,800,
defense at 79,800,
stop loss 500 points,
target below 73,800-74,800,
and target above 75,500,
stop loss 500 points.
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Strategy suggestions are for reference only.
The market changes rapidly.
No matter how confident you are in your market judgment, always set proper take-profit and stop-loss orders.
Secure your gains.