4.28 Afternoon Analysis

The morning market was stable with narrow fluctuations, with bulls and bears in balance and little volatility, indicating a mid-uptrend consolidation, with the bulls accumulating energy and waiting for an upward breakout.

Looking at the market, after Bitcoin surged and then retreated to test the 77,500 support level, the bearish momentum quickly weakened, and the decline did not continue, resulting in sideways consolidation at high levels. The Bollinger Bands are narrowing and flattening, with no obvious downward signals, and the downside space is limited, indicating a consolidation during the uptrend.

On the short-term indicators, the MACD shows a death cross but the downward momentum is decreasing, with bearish selling pressure weakening; the KDJ is entering oversold territory, and the 77,500 support level repeatedly holds, with bulls maintaining good support, ready to rebound and recover at any time. The overall strategy is to look for pullbacks to buy.

Trading suggestions:
Buy on dips around 76,500-76,000, targeting 78,200-78,600.