4.29 Bitcoin Public Thinking

After yesterday's sharp decline, it oscillated at low levels, with short-term slight weakness correction, mainly rebound high and dip low, range trading.
Short-term indicators collectively weaken, Bollinger Bands opening downward, the market continues to operate below the middle band, rebound strength is limited, and short-term resistance above is obvious.
Currently in a low-level consolidation after the decline, mainly repairing the bearish rhythm, no clear sign of a trend reversal yet.

Key Levels
Resistance: 76,500–76,800 (core resistance area during rebound)
Support: 75,500–75,800 (short-term strong support, weakness if broken)

Trading Suggestions
Shorting: Short at 76,500–76,800 during rebound stagnation, target 75,800–75,500.
Long: Stabilize and attempt long at 75,500–75,800 during dip, target 76,300–76,500, stop loss below 75,200.
Breakout: Short on a break below 75,500; wait for a rebound above 77,000 before adjusting to long.
Summary
After the sharp decline, sentiment is bearish, in a consolidation phase, strictly control stop-loss, avoid bottom fishing and holding large positions, more stable to short during rebound resistance.
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