4.24 Friday Mufeng Evening Market Analysis



In the morning, Bitcoin strongly broke through the 78,500 level, but the bulls' short-term effort failed, and the market entered a retracement and correction phase, with a low probe to around 77,400 before stabilizing and rebounding.
Ethereum also synchronized with the correction, quickly stabilizing after dropping to the 2,298 support level, gradually oscillating and rising. The overall market shows a balanced battle between bulls and bears, maintaining a standard range-bound pattern throughout the day.

Key levels are clearly defined:
Above, the core resistance is 79,000; below, the strong support is 76,000.

As the Friday evening market closes, it is unlikely to break out of a one-sided trend in the short term, with the oscillation rhythm continuing. In terms of trading, there is no need to chase highs or sell lows; strictly follow the range-based strategy, rely on support and resistance levels, flexibly capture short-term profits through high short positions and low buy-ins, prioritize stability, and control position sizes.
BTC-0,3%
ETH-0,08%
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