Monday, April 27th, Bitcoin Market Analysis in the Evening

Intra-day, Bitcoin initially surged higher then pulled back, forming a pattern of sharp rise followed by decline, showing a rapid upward move followed by a synchronized retreat. The price formed a short-term double top around 79,500, encountering resistance on the upside and then oscillating downward, but overall, the bulls remain dominant for the day, and no trend-breaking weakness has appeared.

Although there is a correction in the short term, the overall bullish structure remains intact, and the main trend is still relatively strong. The 79,500 level creates a short-term double pressure, with two consecutive attempts to break through failing to do so effectively, indicating some selling pressure. Key support below is concentrated around 77,000, which is the core defensive line for the bulls in the intraday. As long as this support holds, short-term pullbacks are considered normal adjustments within an upward trend and do not alter the overall strength. If there is a third attempt to test the resistance above, the probability of a breakout will significantly increase. The evening strategy is mainly to go long at lower levels, maintaining a focus on key support levels.

Monday evening personal view: accumulate longs around 77,000 in batches, stop-loss at 76,400. Target: 78,500-79,000, with a breakout above 79,500. In the short term, maintain support at 77,000; do not consider weakness unless it breaks. $BTC