4.8 Bitcoin Evening Analysis

The overall market atmosphere still remains strong with a bullish structure this evening. This round of pullback is a normal consolidation during an upward move and has not broken the trend. After support stabilizes, the rebound expectation is relatively strong.

From the perspective of market structure, Bitcoin had previously been quickly pushed higher by news. Even if short-term sentiment cools down, the price has received clear follow-through in the key support zone, without any continuous breakdowns. This shows that the bulls are well-positioned and that the major players are clearly reluctant to sell. At the daily level, the moving average system is still dispersing upward, and the trend-based upward structure has not changed. This evening’s pullback is precisely a dip-buying opportunity.

At present, overall market sentiment is relatively steady, and funds have not exited on a large scale. In the short term, the pullback is mainly for cleaning out weak hands and building up energy for another push. In terms of trading, the strategy remains to buy on dips and focus on signals that support has stabilized. After support stabilizes, you can gradually build long positions in batches. For the upside, continue to look for a breakout near the previous highs; if it can rise with volume and hold, it is expected to further open up upward room. Pay close attention to whether it can break through 72000; if it can break and hold, it will initiate a new round of upward move, with a target around 73000-73800. #BTC #ETH #加密市场反弹