5.3 Bitcoin Analysis Strategy

Bitcoin 1-hour chart is currently in a high-level pullback and consolidation phase after a rebound, with the price trading below the middle band of the Bollinger Bands. Short-term upward momentum is weakening. The Bollinger Bands are narrowing overall, indicating the market is accumulating energy, and a directional breakout is likely to occur later; the MACD indicator has formed a death cross, with the green bars continuing to expand, clearly signaling a short-term bearish signal on the hourly level, but capital inflow remains net positive, and the bulls and bears are entering a heated battle stage.
After reaching the high point of 79,145, the price pulled back, currently testing the support near the lower Bollinger Band at around 77,983, with the overall trend in high-level oscillation leaning towards correction.

Support levels: First support at 77,980-78,000, strong support at 77,500
Resistance levels: First resistance at 78,360, strong resistance at 78,740-79,145

In the short term, the main idea is oscillation with a bearish bias. If the price rebounds to the Bollinger middle band and faces resistance, consider a small short position targeting the first support level; if the price volume breaks above the Bollinger upper band and stabilizes above 78,740, it can follow the trend to go long, targeting the 79,145 high. The direction of the breakout after the Bollinger Bands narrow will determine the subsequent trend, so focus on volume confirmation, beware of false breakouts causing reverse volatility, and manage positions and stop-losses properly. $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 #美联储利率不变但内部分歧加剧 #DeFi4月安全事件损失超6亿美元