4.23 Morning Analysis

After the Bollinger Bands opened up, they are showing a contracting, tightening posture. The middle band at 78420.0 has formed a short-term dividing line between bulls and bears. The current price is running close to the middle band, indicating that the forces between bulls and bears are moving toward balance, and the market is entering a short-term ranging consolidation phase.
After pushing up to the 79444 high earlier, the market has continued to print small bearish and small bullish candles. Upward momentum has clearly weakened, and selling pressure at higher levels has gradually begun to show, but it has not effectively broken below the Bollinger middle band. Therefore, short-term support for the bulls is still present.
The lower Bollinger band continues to rise. The medium-term uptrend has not been broken. At present, this is a technical pullback after an advance, building up energy. You need to focus on the effectiveness of support from the middle band; if it holds, there is a chance to restart the upward push. If it breaks, the next support to watch is the lower Bollinger band support zone at 77517.5.

Trading Suggestions:
A pullback to 77500-78000 that stabilizes and does not break can be used to go long. The target is around 79500; if it breaks 8万, keep looking higher.
If a rebound into 79500-79800 faces resistance and cannot break through, you can consider going short. The target is 77500-77800.$DOGE $SOL $BTC #Gate13周年现场直击