April 30 Morning Silk Road and Suggestions

Yesterday, at the start, Sister Lin provided the current price level, and indeed it was slightly shaken by 20 points in the morning, but I am not worried at all! Everyone knows why I am so confident in my analysis because I am confident😃 until it dropped to 74, and the downward momentum suddenly stopped. This deep retracement belongs to a healthy technical shakeout, thoroughly clearing out the indecisive floating chips and panic stop-loss orders in the market, significantly digesting the profit-taking pressure above, paving the way for the bulls to rise later, with very strong support at the bottom. Currently, the chart has broken below the middle band of the Bollinger Bands and is trading below it, indicating that the short-term bullish momentum has exhausted, and the trend has shifted from an upward to a weaker state.

The upper Bollinger Band is turning downward, and the lower band is also slowly moving down. Although the opening hasn't significantly widened yet, it has shifted from expansion to convergence, approaching a flat state before the trend reversal. The upward trend has ended, entering a correction phase.

Near the lower band is a short-term strong support. If it cannot hold, the Bollinger Bands will widen, and the downward space will further open.

Resistance above: 76,500, support below: 74,800
Trading Suggestions
Bitcoin can rebound to around 76,650-76,900, aiming for 75,500-74,000, with a stop loss at 77.
Suggestion: rebound to around 2,300, aiming to continue lower to 2,250-2,220, with a stop loss at 2,330.

Once the stop-loss level is reached and the strategy fails, consider entering a short position. Currently, it is in a weak recovery stage after a decline, with limited rebound height. Prioritize a high sell and low buy oscillation approach, avoid chasing rallies or blindly bottom-fishing, and follow the trend after volume breaks above or below key levels.