Bitcoin Analysis for the Morning of April 25

Watch how levels have been dropping: from 78,581 all the way down, both the highs and the lows keep moving lower. The current rebound is only a normal pullback after a sharp drop, and there’s still no clear reversal signal. Also, the price is currently hovering around 77,400, and there are still many trapped positions stacked above it—pushing it up in one go is difficult.
Earlier rebounds were all knocked down within this range, showing that selling pressure here is heavy. As long as the price can’t push through, the bears still remain in control, and it’s highly likely to keep probing lower. Even if it pulls up in the short term, it can easily turn into a bull trap, only to be smashed back down again.
For those who want to be cautious and steady, you can wait until the rebound loses strength and the price turns downward again before entering—there’s no need to rush into shorting and get misled by small short-term rebounds.
Trading suggestions:
Focus on the resistance level at 78,500 and the support level at 77,200.
Place short orders in batches within the 77,900-78,400 range. The first target is in the 75,900-76,400 range. $BTC ‌