Reviewing the midnight market, Bitcoin overall maintained a volatile correction trend, rising to around 79,800 before facing resistance and pulling back, entering a correction phase. We previously suggested the idea of first looking for a rebound and recovery; currently, the market is only one step away from the expected target of 80,000. All short positions laid out last night have been fully taken profit on the short-term trades, most of the swing trades have been gradually closed in batches overnight, with a very small portion still held in profit. The subsequent partial exit of swing positions will be announced later.

In the crypto space, it's not about quick profits but about discipline and patience—controlling greed, accepting pullbacks, and steadily positioning. Time will eventually reward you.

From the current market structure analysis, the daily chart shows three consecutive bearish candlesticks, directly engulfing all the rebound gains of the previous three days. The price has fallen back near the 79,000 integer support level, entering a fierce tug-of-war between bulls and bears. Overall, the bearish trend has become dominant, with selling pressure continuously suppressing bullish rebounds. However, the price has not yet broken down effectively in the short term.
Below, the 78,000–78,500 zone is a key support area where previous support and resistance levels repeatedly flipped, providing strong technical resonance support. But if the bulls fail to defend this level and support is repeatedly tested, it could easily trigger a breakdown with increased volume, further opening the downside space. Even if support temporarily holds, it should be seen as a weak correction in a bearish structure, with no change to the medium-term bearish outlook. The rebound is more of a technical recovery, unlikely to lead to a sustained reversal.
Switching to the four-hour chart, the trend structure becomes clearer. After being pressured from the 82,500 high, the market started a continuous decline, with short-term downward momentum fully released. The price has fallen to a lower region, showing initial signs of stabilization and a slight rebound, but it’s important to note that this stabilization is only a correction after overselling. Resistance overhead is heavy, and the rebound potential is limited. Overall, the market remains weak in the rebound and favors a bearish outlook with more short positions.

Thursday morning strategy BTC: Short positions in the 79,800–80,200 range, target 78,000

Thursday morning strategy ETH: Short positions in the 2,260–2,280 range, target 2,200

#美国4月CPI上涨3.8% $BTC