Midday BTC Market Outlook



Bitcoin has been oscillating at high levels, and after consecutive bullish closes, trading volume has not kept up, showing that the bulls are clearly losing momentum.

Price repeatedly tests the resistance at high levels but fails to break through, with significant selling pressure above and decreasing buying interest.

Currently, all small rebounds are merely weak consolidations and not signs of a strong trend. The longer the sideways movement at high levels persists, the greater the subsequent downside potential.

Trading Suggestions
Rebound around 79,800-80,300, then follow the trend to short at high points
Target
78,500-77,800#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 #Polymarket每日热点
BTC-0.15%
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