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The current daytime outlook is actually quite clear. The price is stuck around 77,800, repeatedly moving sideways. The resistance at 78,500-80,000 is holding firm and cannot be broken through, while there are buyers at the 77,000 level below, typical of a correction after a rally. It’s not weakening, but it’s also not a strong bullish trend that can be chased directly; it’s more like waiting for the next move to determine the direction.
4.23【Trading Suggestions】
If it pushes up to around 78,500, start looking for short opportunities. A position can be added above 79,000, with a stop loss above 80,000, and look back at 77,500-76,000.
If it drops below 77,000, consider going long again. Focus on the 76,000-75,500 range; if there’s support, consider a rebound.
Currently at 77,800, it’s not recommended to make a move. Better to wait rather than chase.
To sum up in one sentence, this kind of market isn’t without opportunities; it’s just slow-paced and oscillating, so it’s tradable but not suitable for heavy positions. Positioning is more important than the trend; trading in the middle is risky and can lead to losses on both ends.