4.24 Bitcoin Market Analysis


Medium-term bullish trend remains unchanged, short-term high-level consolidation leans bullish, wait for pullback to add long positions, do not turn bearish unless support is broken.
1. Current Position
- Price: 78,100–78,300, surged to 78,600 then pulled back, digesting the high levels.
- Structure: Daily upward channel intact, bullish trend has not reversed.
- Key Support: 77,500 (strong), 77,000, 76,500.
- Key Resistance: 78,600, 80,000, 81,000.
2. Trend Judgment
- Short-term: Consolidating with a bullish bias, sideways at high levels, pullbacks are buying opportunities.
- Medium-term: Bullish dominance, target 80,000–82,000.
- Weakening Signal: Volume-driven breakdown below 77,000, indicating a deep correction.
3. Operations
- If pullback to 77,500–77,700 without breaking: Light long positions, target 78,600 → 80,000.
- Defense: Below 77,000.
- Breakdown: Volume-driven fall below 77,000, consider waiting or shorting with a target of 76,000–75,000.
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