5.1 Bitcoin Analysis

BTC continues its strong upward momentum during the day, reaching a high of 77,421, currently at 77,001.8, with a daily increase of 2.05%. Net capital inflow is 437 million USD, and market bullish sentiment continues to heat up. The 15-minute Bollinger Bands have expanded significantly, with the price moving along the upper band. Coupled with a MACD double-line golden cross and increasing red bars, volatility has risen sharply, indicating a typical trend-driven impulse market. However, the current price has entered the overbought zone, and in the short term, profit-taking pressure may cause a pullback. Caution is advised for potential retracement after a rally.

Support and Resistance Levels

Resistance: 77,500 - 78,000
Support: 77,000 - 76,500 - 76,000

Bull and Bear Directions
Short-term Bull: If the price pulls back to stabilize near the upper Bollinger Band around 77,200 and momentum does not show obvious exhaustion, consider a small long position, with a stop loss below 76,900, targeting the 77,500-77,800 range.
Short-term Bear: If the price hits resistance and pulls back from the 77,400-77,500 zone, and MACD shows a bearish divergence signal, consider a small short position, with a stop loss above 77,600, targeting the 76,800-76,680 range.
Market volatility is increasing; strict stop-losses are essential. Avoid blindly chasing highs, and rely on actual breakouts of key levels for trading decisions. $BTC $ETH #WCTC交易王PK #美国寻求战略比特币储备 #比特币ETF期权持仓限额增4倍 #DeFi4月安全事件损失超6亿美元