4.24 Morning Break #WCTC交易赛瓜分800万USDT #Gate13周年现场直击

On the news front, short-term market sentiment is cautious. There is no extreme negative shock causing a sudden sell-off; capital is mainly in a wait-and-see mode, focusing on repairing.

Technically, Big Cake previously probed a bottom at 76504.6 and then quickly rebounded. The current price is 78159.9. Short-term support is at 77867, the Bollinger middle band. This is the line that separates strength from weakness—if it does not break, the rebound pace will be maintained. On the upside, first target 78371, the Bollinger upper band. After a break, the core heavy resistance is at 79444, the high point of the recent sell-off’s start. Only by holding above this level can the declining structure be fully reversed. The KDJ indicator’s three lines are turning upward, indicating that short-term bullish momentum is being repaired, but a strong bullish configuration has not been formed yet.

On the macro level, there are currently no major policies being implemented. Big Cake’s price action is more driven by technical repairs. Overall outlook: in the short term, expect range-bound consolidation and repair. Buy the dips rather than chasing highs; focus on the breakout direction of 77867 support, 78371 minor resistance, and a break above 79444 core resistance.

Trading recommendations:

Southbound: Long 77000-77500, target 79000-79500.

Northbound: Short 78600-79100, target 76600-77100.