April 24th Bitcoin Market Outlook:


Yesterday, it was recommended to aggressively short at 78,500-78,900. Those who entered could have gained 1,500 points. Yesterday, Bitcoin reached a high of 78,600 and a low of 76,900. It is clear that the upward momentum is diminishing, but the support in the 77,000-77,500 range remains strong. The price retested but did not break this level and quickly rebounded near 78,100, indicating that market absorption is still present and the bulls have not surrendered.
Currently, Bitcoin is around 78,200, with the 15-minute, 1-hour, and 4-hour charts all trading above the Bollinger Bands. The 15-minute and 1-hour MACD show signs of upward movement, while the 4-hour chart shows a tug-of-war between bulls and bears. From a technical perspective, today is expected to see sideways upward movement.
Aggressive trades:
Long positions: 77,300-77,500, target 79,000-79,500, stop loss 76,500
Conservative trades:
Short positions: 79,800-80,300, target 78,500-78,000, stop loss 80,900
BTC-0.55%
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