April 25 Morning Bitcoin Market Outlook

Good weekend! Bitcoin surged yesterday but faced resistance at the 78,400 level and pulled back. In the early hours it continued to weaken, dipping to the 77,208 support level at the low. It is currently in a weak range-bound consolidation around 77,371.

After the drop, there was a slight stop in the selling pressure followed by a rebound, but the rebound strength is extremely lackluster, with very poor follow-through. Overall trading volume continues to contract. The key resistance zone overhead remains firmly pressing the price down. There are no signs that the larger bearish trend has reversed—overall, the market is still in a rhythm of rebounding into resistance, then falling back and weakening again. In terms of strategy, we still mainly look for short positions at the highs of rebounds, with small long positions at low levels as a supplement.

Currently, short-term rebound momentum continues to fade. The downward structure is complete, and the signs of rejection on the rebound are very clear. Chasing longs at high levels offers extremely poor value. Selling pressure around the overhead resistance can be concentrated and released at any time, which may open up more room for downside.

Trading Suggestions

Short from the 77,700-78,200 rebound range; the first target is 77,000. If it breaks, look for a move down toward the 76,500 area.
For short-term pullbacks near 77,000, consider a light long position; just aim for around 77,600.$BTC $ETH #加密市场行情震荡