4.25 Morning Poem Perspective: Breakouts must retrace, rebound then short!

Yesterday, a surge to the 78,400-78,500 resistance encountered resistance, forming clear high-level pressure, and in the early morning, it fell back through the 77,800 support. After the decline, there was a slight rebound but the rebound strength was very weak, and the continuation was poor, typical of a "weak rebound, pressure causing further decline" bearish dominant rhythm.

The 4-hour MACD shows a death cross divergence, with bullish momentum continuously weakening, and a complete downward structure; the 1-hour rebound repeatedly encountered resistance at 77,700-77,800, with heavy selling pressure above. The risk of chasing high at high levels is extremely high, and no reversal signals of a bearish trend have appeared.

Bitcoin: Rebound to the 77,700-78,000 range, sell in batches for high positions, stop-loss above 78,500, first target 77,000, and if broken, look towards 76,500.

Altcoin: Rebound to the 2,370-2,400 range, sell in batches for high positions, stop-loss above 2,420, first target 2,300, and if broken, look towards 2,250-2,280.