April 22 Morning Bitcoin Market Analysis

Bitcoin has been experiencing obvious tug-of-war between bulls and bears over the past two days, repeatedly oscillating within the 74k-76k range. Currently, it is consolidating near 76.3k. Bulls and bears remain deadlocked. The four-hour trend remains upward, but the rebound strength is insufficient. A pullback is likely to occur later, with the key resistance zone at 76,500-78k. Only a volume-supported break above this zone can lead to further strength. The MACD red bars are continuously shortening, and the Bollinger Bands are narrowing, indicating that short-term rebound momentum is weakening. On the one-hour chart, a slight divergence appears, but the price is gradually rising. Although short-term momentum is somewhat strong, it is not recommended to chase long positions. There is more room for a high rebound, and shorting near 76,500-77k is advisable, with targets at 75,500-74,000 and a stop-loss at 78k.