April 28 Midday BTC Public Strategy: Rebound from Highs, Range Volatility

Market Situation

After spiking to 79,400 yesterday, it faced significant resistance and declined sharply, continuing weak oscillation throughout the day, currently around 77,200. Short-term bears are dominant, and range consolidation is intensifying. The larger bullish trend has not yet been broken, indicating a high-level correction.

Key Range (Current Price 77,200)

Resistance Above

1. 77,800-78,000 (Strong intraday resistance; if the rebound cannot break through, a continued decline is expected)

2. 78,500-78,700 (Strong resistance zone; volume breakout needed to reverse the short-term weakness)

Support Below

1. 76,800-77,000 (Short-term core support; stabilization could allow small long positions)

2. 76,300-76,500 (Strong support zone; a pullback and stabilization present a good opportunity for low buy-ins)

Short-term Judgment

• 4-hour timeframe: MACD shows increasing bearish momentum, bullish momentum significantly waning, high probability of a short-term correction
• Hourly chart: Bearish dominance, rebound strength weak, prioritize range trading before breaking key resistance zones
• Daily chart: Bullish structure still intact, current correction is a high-level pullback and shakeout, no clear reversal signals yet

Operational Suggestions

1. Rebound Short: Lightly short on rebounds to 77,800-78,000, stop-loss at 78,200, target 77,000-76,800

2. Stabilize and Go Long:
◦ After stabilization around 76,800-77,000, attempt long positions with stop-loss at 76,500, target 77,800-78,000
◦ If pullback to 76,300-76,500 stabilizes, add to long positions, target