April 28 Midday Analysis: Step by Step Climbing, Opportunities Cannot Be Missed

The morning market remains stable, characterized by narrow sideways trading, with bulls and bears temporarily balanced and volatility narrowing; this is a consolidation phase during the upward movement, with bullish momentum quietly accumulating, awaiting a breakout.

Based on the current market analysis, on the four-hour chart, after Bitcoin surged and faced resistance, then fell back to around 77,500, the bearish momentum quickly exhausted, and the sharp decline did not continue, overall entering a high-level sideways consolidation phase; the Bollinger Bands continue to contract and flatten, with no bearish signals of a downward turn, and the downside space has been effectively sealed, indicating a consolidation for an upward continuation.

In the short-term technical view, although the MACD remains in a death cross pattern, the downward volume continues to shrink, and the selling pressure from bears gradually dissipates; the KDJ has entered an oversold zone, combined with repeated confirmation of support at around 77,500, with sufficient bullish momentum, the price can trigger technical rebounds and indicator reversals at any time, mainly retracing to buy low.

Trading Suggestions:
Buy on dips around 76,500-76,000
Target 78,200-78,600