April 23 Midday Bitcoin Analysis



- After spiking to 79,444 in the early morning, it pulled back, with the lowest at 77,410. Current price is 77,886, showing a weak rebound correction

- The Bollinger Bands are opening downward, with the price under pressure below the middle band, indicating a dominant bearish trend

- MACD shows a weak golden cross at a low level, only a slight rebound from oversold conditions, not a reversal

- KDJ approaches overbought, with rebound momentum nearing exhaustion

- Resistance: 77,980-78,500; Support: 77,410

- Strategy: Remain bearish until breaking above 78,000. Rebound is a high-altitude selling opportunity. If it falls below 77,410, the decline will continue
BTC-0.46%
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