April 28 Morning Thought Sharing $BTC


From the four-hour chart, Bitcoin experienced a rapid pullback after reaching a local high, then found clear support at a low level and stabilized with a rebound. The current price has returned to a consolidation range. Overall, this decline did not signal a trend reversal but appears to be a technical correction following the previous rapid rise. During the decline, trading volume did not continue to expand, and the bearish momentum has significantly weakened after rapid release. Buying interest at the lows is gradually increasing. The current price has moved back into the consolidation zone, and the moving average system has shifted from a brief downward turn to flattening again, indicating market sentiment is transitioning from panic to stabilization and recovery. As long as the price does not effectively break below the key support zone, this correction is likely to become a consolidation phase within an upward trend, and bulls still have the opportunity to launch another attack and challenge previous highs.
In terms of trading strategy, focus mainly on a long position at lows, paying close attention to the validity of the support zone. As long as the support is not broken, continue to rely on key support levels to set up long positions, patiently waiting for the market to return to a bullish rhythm.

Bitcoin Trading Strategy: Buy near 77,000-76,500, target 79,000
Altcoin Trading Strategy: Buy near 2,300-2,260, target 2,400
BTC-1.1%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin