April 24 Market Analysis

Overall, looking at Bitcoin and Ethereum on the 4-hour chart, both are still operating within an upward channel, and the structure has not been broken. There isn't much room above the channel anymore. The overall trend remains bullish, but on the daily chart, the upward move is basically complete. A brief analysis of 🐶's behavior.
$BTC ‌

Bitcoin is currently fluctuating between 78,575 and 77,403. The downward spike yesterday can be ignored.

The low points on the hourly chart are gradually rising. As long as it does not fall below 77,483, the downside space remains limited.
Two dips to the lows, each higher than the last, and two hammer candles formed, indicating strong support below and that the bears can't push it down.

Only a volume breakout above 78,575 can challenge the previous high of 79,444.
The only critical defense level is 76,500; if broken, a further sharp decline is expected. If not broken, it will continue to oscillate and consolidate, waiting for a clear direction.

Trading Operations

Volume breakout above 77,997: go long on the right side

Volume drop below 77,437 and fail to recover on the rebound: go short on the right side, with strict stop-loss

If the hourly chart stabilizes above 77,997, target 78,575-79,444; if it cannot hold above 77,997, it is weak.

A 4-hour drop below 77,553 suggests further downside to 76,533-74,979.

Resistance above: 77,997, 78,575, 79,444
Support below: 77,356, 76,521, 74,968

$ETH ‌

Trading Operations

Volume breakout above 2,320: go long on the right side

Volume drop below 2,299: go short on the right side, with a good stop-loss

A bounce off 2,249 support can be longed; if it falls below 2,219, stop immediately.

If the hourly chart stabilizes above 2,320, target 2,359-2,387.

A rebound to 2,387 can be used to set up a short position; a break above 2,422 stops the loss.

Left-side orders: buy at 2,182, stop-loss below 2,144.

Resistance above: 2,320, 2,359, 2,387
Support below: 2,299, 2,253, 2,215

Overall, the market is currently oscillating, and it’s better not to enter prematurely. Wait for a clear breakout or breakdown signal before acting, and just ensure proper stop-loss placement. #btc走勢