$BTC April 23 Evening Analysis

Earlier this morning, I reminded everyone that the market has moved down to the low at 76,500. Right now, the bearish downside momentum has been completely and fully released. The chart has completed an extreme panic flush and washout, and the bottom reversal structure has been firmly established.

Price has risen strongly after a decisive consolidation and bounce off the lower Bollinger Band. Lows continue to lift steadily; the market’s center of gravity keeps moving upward, gradually approaching the middle Bollinger Band near 77,614. The downward falling channel has been completely shut. The MACD’s two lines have turned and begun to converge from the low zone; the bullish red histogram continues to expand and strengthen. Coupled with the favorable U.S. employment data in the evening, bullish pushback sentiment has been fully heating up.

In the short term, hold the support at 77,146.9. Going forward, the market is expected to keep repairing upward. The first target overhead is a break through the 77,614 middle Bollinger Band; further upside lies at the 78,081 upper Bollinger Band pressure zone. Any pullback is an opportunity to buy the dip from low levels and board the move. For the evening, the overall bias is mainly bullish. One person’s personal suggestion: watch for a dip around 75,800-76,500, then look toward 78,500-79,500. $RARE $BTC