Crypto Circle Mr. Coin: 4.27 Bitcoin (BTC)) Market Analysis Reference

The current price of the “Big Pie” is 78629. Today’s overall trend is oscillating and moving upward. The net inflow directly pushed it to 143 million, with funds actually entering the market to provide support. On a daily-chart level, the bullish channel is perfect, moving upward all the way. The overall direction in the medium term is still very strong, and the big-picture bullish structure has not really broken.

But the key resistance above has not been breached. Right now, after touching the area around 79000, it’s facing pressure. The rebound and attempt to surge failed, and the bulls have become even weaker. On both the 1-hour and 4-hour charts, everything is seriously overbought. RSI and KDJ are directly pushed to high levels and start to dull.

In the short term, bullish momentum has already been severely overdrawn. At this position, absolutely, and definitely don’t chase the high! If you’re the brothers chasing longs, you’re most likely buying at the top and becoming a victim like “harvested greens” at the mountain-top.

In the short term, the market will inevitably first undergo a pullback and shakeout to flush out the overheated technical indicators and clean out the floating positions. After the strength is accumulated, it will then start the next round of a strong breakout surge.

So the recommended idea is: short orders should be the main focus. Watch the resistance above around 79500. Watch support above at the 77000 area line. Next, watch 75800. Follow Mr. Coin to analyze the market in real time.

4.27 Bitcoin short-term reference:
78600-79600 range, oscillating;
Defense at 805000,
Stop loss: 500 points;
Target below 77600, then the 75000-760800 range;
Target above 76800,
Stop loss: 500.

Message sending may be delayed. Strategy recommendations are for reference only. Markets change rapidly. No matter how accurate your understanding of the market is, you must always set your take-profit and stop-loss properly, and “cash in safely” and stay at ease.

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