The momentum of Bitcoin's technical chart is weakening, with multiple attempts to move higher that have failed to break through important psychological levels. The willingness to take profits and exit at high positions is gradually increasing, combined with the fact that the geopolitical situation is only in a phase of temporary easing and has not been substantively resolved.



Above, the 79,000-80,000 range is a key resistance zone, while support around 76,000 is the focus below. Market indicators are weakening in tandem, with clear short-term pullback signals, making a downward move more likely in the near term.

In terms of strategy, consider short positions around the resistance zone above, with reference to entering at 78,500-79,200. The first support is at 77,000; if broken, then look at 76,000. If not broken, consider reversing to long positions. If resistance above cannot be broken, maintain a strategy of shorting on rebounds.
BTC-0,29%
ETH-0,98%
SOL-1,12%
View Original
post-image
post-image
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 2
  • Repost
  • Share
Comment
Add a comment
Add a comment
GateUser-2f55b342
· 04-24 04:13
Hop on now!🚗
View OriginalReply0
WebFortuneQingdao
· 04-24 03:52
Just charge forward 👊
View OriginalReply0
  • Pin