#BTC

4.30 Bitcoin Monthly Chart Analysis
- Long Entry Conditions: Price retraces to the 75,800-76,000 range and stabilizes, not breaking below 75,300, can try a small long position
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- Stop Loss: Break below 75,200 (below the lower band + previous low), unconditional exit
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- Take Profit 1: 76,800-77,000 (middle band / 24-hour high, reduce half of the position)
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- Take Profit 2: 77,600-77,700 (Bollinger Band upper band, close all positions)
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- Short Entry Conditions: Price rebounds to 76,800-77,000 encountering resistance and falls back, with a long upper shadow on the 4H chart, can try a small short position
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- Stop Loss: Break above 77,800, unconditional exit
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- Take Profit 1: 76,000-75,800 (reduce half of the position)
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- Take Profit 2: 75,300-74,900 (lower band / previous low, close all positions)

1. During the Bollinger Band convergence phase, prioritize buying low and selling high within the range, do not chase orders
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2. If the price directly breaks below 74,800 and rebounds do not break above 75,500, it indicates the rebound has ended, abandon the long idea, and look for a second bottom
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3. If the price directly breaks above 77,700 and stabilizes, it indicates the bulls have broken the weakness, and you can follow the trend to chase longs up to around 78,500