April 28 Market Analysis

1. Resistance Levels

First Resistance Level: 78,000 - 78,200
This is a key area of the recent consolidation platform and a potential resistance zone formed by multiple moving averages (such as MA10). If the price rebounds, this will be the first hurdle for the bulls to break through.

Second Resistance Level: 79,489.9
This is the highest price shown on the chart in 24 hours and also a recent high. If the price can strongly break through 78,200, it will challenge this previous high again.

2. Support Levels

First Support Level: 76,400
This is the lowest price in 24 hours and a recent short-term low. The price may encounter some buying support at this level; if it breaks below, further decline may occur.

Second Support Level: 74,000 - 74,500
From the left side of the chart, this is a consolidation platform area during the previous upward movement, serving as a strong support zone. If the price falls below 76,400, it may retreat to this area to seek support.

3. Potential Short Entry Points

The current price has already broken below the short-term moving average, and the RSI indicators (RSI6: 42.81, RSI12: 46.08) are below 50, indicating weakening bullish momentum and strengthening bearish forces.

Aggressive Short Entry: Near 77,800 - 78,000
If the price rebounds to near the first resistance level but fails to break through effectively, and bearish candlestick patterns appear (such as long upper shadows, engulfing bearish candles, etc.), consider taking a small short position. Stop-loss can be set above 78,200.

Conservative Short Entry: Break below 76,400 and then rebound
If the price effectively breaks below the first support level of 76,400 and volume increases, the downtrend may be confirmed. Look for short opportunities when the price tests this level after breaking it (which now acts as resistance).