4.24 Bitcoin Daily Strategy · Accumulation Breakthrough



Bitcoin is currently stuck in a narrow range between 77k and 79k, unable to go higher or lower. The daily trend is not bad, but short-term momentum is weakening. Today is likely to see repeated fluctuations within this range, digesting the gains from the past two days.

The price is now consolidating within a narrow band around 77,000-78,000, forming a contracting triangle on the 4-hour chart. The daily remains above the MA7 moving average, MACD is narrowing above the zero line, and trading volume continues to shrink, indicating cautious hesitation between bulls and bears before a breakout.

Trading strategy: Buy on dips around 77,200-77,500, with an initial target of 79,500, and watch for a breakout above 80,000.
BTC-0.58%
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