April 22nd, Short Squeeze Breaks Previous High Again, Bullish Momentum Unstoppable

The market is surging with momentum, bulls gathering strength, and during midday, the price once again broke through resistance, pushing beyond recent range constraints, reaching around 78,400 before slightly pulling back under pressure. This bullish pattern is extremely strong, with the market reluctant to undergo deep retracements, and prices steadily oscillating around the 78,000 level. Looking at the intraday trend, from the early morning, the bullish direction was clear, with two upward waves, profits taken, and a continuous upward trend throughout the day. The market's main path is to follow the trend; dips are good entry points, but avoid subjective top guessing or counter-trend betting, which only leads to missed opportunities and losses.

Reviewing the cycle trend, both the daily and four-hour charts display a clear bullish pattern, with moving averages supporting from below and arranged in an orderly manner, solidifying the foundation for the upward movement. Prices are gradually climbing supported by moving averages, with a gentle yet resilient trend, and no signs of top divergence, exhaustion, or weakness. Past range resistance has transformed into solid support, opening the upward channel fully, with the short squeeze wave continuing endlessly, and bullish momentum remaining strong for a long time. The four-hour Bollinger Bands are opening upward, maintaining strong bullish energy, and the short-term trend continues to rise strongly.

In the afternoon, Bitcoin is supported by oscillation support to set up long positions: if the price retraces and stabilizes around 77,500–77,000, enter the position with a stop-loss at 77,000, aiming for targets around 79,000–80,000. Strictly follow the trend, avoid chasing after sharp rises or guessing the top, and wait patiently for the market to realize gains, so as to stay safe in $BTC .