April 28 Evening Bitcoin Market Outlook

BTC effectively broke below the lower Bollinger Band in the evening session, indicating that the bearish structure has completely weakened and a clear downward signal has emerged. The overall market trend is biased to the downside, with operations focusing on shorting rebounds, strictly avoiding blindly buying the dip against the trend.

Key Resistance and Support Levels

Upper resistance: 76,500–76,700, where the Bollinger Band lower band overlaps with previous support turned resistance, making rebounds easily face selling pressure and retreat.

Lower support: 76,000–76,100, the intraday short-term low point. If volume breaks below this level, the next target is further down at around 75,500.

Short-term Trading Strategy

Primarily shorting: When the price rebounds to the 76,500–76,700 zone and shows signs of weakening, consider opening small short positions with the trend. Short-term targets are 76,100 and 75,800, with stop-loss set above 76,900.

Attempting long positions: Only consider small long positions if the price falls back to the 76,000–76,100 zone and shows signs of stabilization. Target around 76,500, with stop-loss below 75,800. Trade quickly in and out, avoiding holding positions for too long.

Breakout plan: If the price effectively breaks below 76,000, follow the trend and pursue shorts toward 75,500. If volume increases and the price stabilizes above 76,800 resistance, switch to a bullish strategy promptly.

Market Summary: The current trend is clearly bearish. Stick to the trend-following principle, strictly control position sizes and stop-losses, avoid emotional trading of holding positions, and patiently wait for high-quality entry points.