April 24 Morning Bitcoin Analysis



The current market is operating in a wide-range oscillation slightly above the middle zone, completing a full structure of “high-level resistance pullback → quick bottoming out and recovery → oscillation correction and recharging.” Essentially, this is a consolidation phase within a range, and a clear macroeconomic signal is still needed to break the direction.

Focus closely on the resistance zone of 78,500-79,500, which is the dense area of previous high-point selling pressure and short-term trapped positions.
If the bulls cannot break through and hold with increased volume, the oscillation pattern will remain, and the upward push will still be a “pulse-like pullback.”

The key support below is around 77,500-77,000, which is the critical level for the previous low buying support.
As long as the pullback does not effectively break below this level, support can be relied upon to capture rebound profits.

As the weekend approaches, the market is likely to enter a phase of decreasing volume and narrowing range.
In trading, maintain the principle of “taking profits when conditions are good, avoiding overextending,” and stay alert to news developments to prevent being misled by sudden catalytic volatility.
$BTC $GT $ETH
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BTC0.23%
GT-0.27%
ETH-1.37%
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