April 28th, Tuesday Morning BTC/ETH Silk Share by Zhongling

Bitcoin did not continue to decline after falling to around 76,500; currently, it is in a consolidation phase, with fierce competition between bulls and bears, and the current price is around 76,800.

From the hourly chart, the overall trend yesterday was a unilateral decline, with the Bollinger Bands once compressing from the upper band to the lower band, but it found effective support at around 76,000 and did not further decline. Although a few small bullish candles appeared in the early morning, the bullish momentum was clearly insufficient, and the market shifted into consolidation, entering a short-term correction phase.

On the four-hour chart, despite several large bearish candles indicating that the bears are dominating with increased volume, the overall upward structure of the larger cycle has not been broken, and it still maintains a high-level consolidation pattern. Although short-term bears are favored, there may be slight pullbacks later, but the overall upward trend remains unchanged. Therefore, short-term trading suggestions are to buy on dips.

Trading Suggestions
Buy in the 76,400-76,900 range, target 79,200
Buy in the 2,260-2,280 range, target 2,400
$BTC $ETH $SOL #比特币突破7.9万美元 #加密市场普遍上涨 #白宫记协晚宴发生枪击事件