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April 24 Evening
Thoughts and Analysis:
In this round, Bitcoin's rebound was obviously lacking momentum, and after attempting to test the resistance level, it was met with resistance and sharply dropped, failing to break through effectively.
After touching the MA5 moving average during the rebound, the bullish buying pressure directly stalled, with short-term moving averages firmly suppressing it, and selling pressure flooding in from above.
The hourly chart has entered a weak consolidation and repair phase, and the upward channel has not been fully established.
Although the bears are gathering strength, there has not yet been a significant volume sell-off, so an extreme waterfall decline is unlikely.
The next move is likely a second bottom test, but the downside space is limited, representing a normal oscillation and the typical battle between bulls and bears.
Trading Suggestions:
Bitcoin: Rebound near 78,000-78,200, aiming for 77,000
Altcoin: Rebound near 2,330-2,340, aiming for 2,290
#加密市场行情震荡 $BTC $ETH