BTC struggles to rise further! Bearish traps above 78K, a technical pullback may occur within the day

As of April 24th, Bitcoin (BTC) is currently priced at 78,262 USDT. Based on the current candlestick structure, Bitcoin has entered a short-term high-level consolidation zone after a continuous rebound. Although the overall medium-term trend still leans toward a rebound correction, from the 1-hour and 4-hour timeframes, the bullish momentum is beginning to weaken significantly, and there is a technical retracement demand in the short term.

This analysis primarily focuses on a intraday short-selling strategy, aiming to capture a 1%—2% pullback space.

1. 4-Hour Level Analysis: Approaching Resistance in the Rebound

From the 4-hour candlestick structure, this round of rebound started near 66,000, with the price continuously raising lows, forming a clear oscillating upward structure.

But currently, the market has entered a previous dense trading pressure zone (78,000—80,000).

Key technical signals:

1. Obvious historical resistance above

The current price is approaching previous structural resistance:

78,000—79,000

This area was previously a large accumulation of trapped positions, often accompanied by significant selling pressure.

2. Upward slope is beginning to slow

Recent several 4-hour candlesticks show:

Increased upper shadows

Shorter bullish candle bodies

Indicating bullish momentum is waning.

3. Short-term divergence rate is high

After continuous price increases, the price has moved away from the short-term moving averages, indicating a retracement demand to test the moving averages.

📊 4-Hour Key Levels

Short-term resistance:

78,500

79,200

Support:

77,000

75,800

As long as 78,500 is not effectively broken through, the probability of a short-term correction remains high.

2. 1-Hour Level Analysis: High-Level Oscillation Top Structure

From the 1-hour perspective, BTC currently forms a short-term consolidation structure.

Recent highs:

77,500

78,000

78,200

Although highs have slightly risen, upward momentum is gradually weakening.

Meanwhile, two typical signals appear:

1. Volume gradually decreasing

Price hits new highs but volume declines, indicating a momentum divergence signal.

2. Candlestick bodies are shrinking

Bullish traders are finding it increasingly difficult to push higher, suggesting profit-taking is beginning to occur.

📊 1-Hour Structural Judgment

If the short-term cannot effectively break through:

78,500

The market is very likely to retrace to around 77,000 for technical correction.

3. Today’s Market Outlook (April 24th)

Based on the combined analysis of the 4-hour trend and 1-hour structure:

BTC’s intraday probable movement rhythm:

Rise → Resistance → Technical retracement

Expected fluctuation range:

76,000 — 78,500

Pullback space:

1%—2% is a reasonable technical correction.

4. Intraday Short-Selling Strategy

Position Opening Method

Market Short:

Near 78,262

First Take Profit (+1%):

Approximately:

77,480

Second Take Profit (+2%):

Approximately:

76,700

Stop Loss (-1.5%):

Approximately:

79,440

📊 Strategy Summary

Short position opening:

Market short at 78,262

Take profit 1:

77,480

Take profit 2:

76,700

Stop loss:

79,440