Thursday BTC Outlook

Bitcoin is currently ranging in a high zone. When it pushes higher, it meets resistance and then pulls back, and intraday volatility has increased. There is heavier sell pressure overhead and support below. For now, there is no one-directional trend; this is a high-level washout and consolidation.

On the hourly chart, there are rapid needle-like spikes back and forth, with quick switching between long and short positions, and on the daily chart, bullish and bearish candles alternate; the mid-term washout is clear. The main players are clearing out short-term follower positions.

Resistance Levels
80500-80800: First short-term resistance
82700-82900: Mid-term double-top strong resistance
84000: Trend dividing line; if it holds, it will likely return to a strong bullish trend

Support Levels
78500-78800: First short-term defense; if broken, it turns weaker
77800-78000: Bullish lifeline—keep it intact and the major trend will remain unchanged
75300-75500: Ultimate strong support; breaking it will trigger a deep pullback

Trading Strategy
If it fails to rebound above 80800, look for a pullback with a short-term bearish bias;
If it holds above 77800, the large-timeframe bullish trend remains unchanged;
If it breaks below 75300, it completely shifts into a downtrend.
#美国4月PPI同比暴涨6% $BTC