4.18 Bitcoin Analysis


Yesterday, Bitcoin surged to 78,300 but faced resistance and pulled back, with a short-term retracement to around 77,000 for consolidation. Congratulations to the brothers who followed last night and took profits 🥩🥩🥩
Weekend Characteristics:
Decreasing trading volume, reduced volatility, light news sentiment
Institutional funds are resting, retail dominance, difficult to form a major trend
Trading Suggestions
Range: Consolidation around 77,000 → Resistance at 78,300, support at 75,000-75,500
Strategy: Small positions for high sell and low buy, trading within the oscillating wave
Long
Light positions near 75,000-75,500 support to try long
Short
Light positions near 78,000 resistance to try short
Summary
Weekend narrow oscillation, quick in and out with small positions, set good stop-losses, don’t expect to reach the sky in one step
BTC-0.85%
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