April 28 Morning Silk Road and Suggestions

Bitcoin, after dropping to around 76,500, did not continue to decline and is currently in a consolidation phase. Both bulls and bears are fiercely contesting, with the current price around 77,300.

From the hourly chart, the overall trend yesterday was a unilateral decline. The Bollinger Bands once compressed from the upper band to the lower band but found effective support at around 76,000, preventing further downward movement. Although a few small bullish candles appeared early morning, the bullish momentum was clearly insufficient, and the market shifted into consolidation, indicating a short-term correction phase.

On the four-hour chart, despite several large bearish candles indicating strong selling pressure, the overall upward structure of the larger cycle remains intact, and the market is still maintaining a high-level oscillation pattern. Although short-term bears are currently dominant, there may be slight retracements later. For early morning short-term trading, it is recommended to mainly short on rebounds.

Trading Suggestions
Bitcoin rebounds to around 77,500-77,800 to continue shorting, targeting 76,000-75,500
Altcoins rebound to around 2,300-2,330 to continue shorting, targeting 2,285-2,250
The above are personal suggestions. Please follow Sister Lin’s layout for specific actions.