April 24 Morning Market Analysis $BTC $ETH

The current market remains predominantly bullish overall, with a short-term focus on building long positions at lower levels, trading with the trend.

It's that time again—Black Friday, a market-sensitive day. Yesterday, Bitcoin showed a range-bound consolidation pattern, with both bulls and bears engaged in a tug-of-war. The 77,000 level below forms a key support zone, with strong buying interest; the 78,500 level above faces clear selling pressure, and bulls' repeated attempts to break through have been unsuccessful. The market is oscillating within a clearly defined range, with downward pressure. However, on the daily chart, a bullish candle closed, and the overall trend's center of gravity is steadily rising, with a clear bullish technical advantage still evident.

The current market movement fully aligns with previous predictions. On the four-hour chart, multiple dips have resulted in long lower shadows, confirming the effectiveness of the support level below. Bulls are eager to absorb selling pressure, while bearish momentum continues to weaken, severely compressing the downside space. The medium-term bullish trend remains unchanged. In terms of trading strategy, continue to focus on buying at lower levels, patiently waiting for key resistance levels at higher prices to be challenged, then opportunistically short for swing trades.

Trading Suggestions:
Gradually buy around 77,500-77,900, targeting 79,000-80,000.

Gradually buy around 2,300-2,320 for Ethereum, targeting 2,360-2,400.