April 27th, Bitcoin's decisive moment: Is it a reversal signal or a trap for a rally?

Today’s most watched event is Trump experiencing a shooting incident. The gunfire during his previous election campaign once garnered a lot of public attention; however, the current incident’s online buzz is noticeably lower, mainly because his public support has declined and public favorability has dropped significantly.

After Bitcoin steadily tested the 78,000 level last night, the market entered a high-level sideways consolidation. This morning, the bulls regained strength, with the price strongly breaking above the 79,000 mark. The daily chart shows a complete continuation of the bullish trend, with medium- and long-term moving averages steadily supporting upward, and the large cycle still maintaining a bullish rhythm. However, after this consecutive rise, market momentum has clearly slowed down, with indicators in overbought territory at high levels. In the short term, a consolidation and digestion of gains through oscillation is likely, making continuous upward movement difficult.

Key support: 77,000 below is the short-term dividing line between strength and weakness; 76,000 is a medium-term strong defensive support.
Key resistance: Focus on the 79,500–80,000 integer resistance zone, with a low probability of a one-time breakout in the short term. The 4-hour chart shows repeated oscillation within a range, with a golden cross forming on the indicator, but insufficient buying volume limits upward strength; the 1-hour chart shows a pullback after a rally, with increased bulls and bears struggle, MACD bearish green bars gradually shrinking, and short-term resistance to further rise is evident.

Overall, the main bullish trend has not reversed, but the short-term rhythm is sluggish with repeated fluctuations. Do not blindly chase high positions. As long as the key support at 75,000 holds, the bullish structure remains solid. Patience and waiting for a dip to buy at lower levels is advisable.

Short-term trading strategies:
1. Buy on dips in the 77,000–77,500 range in batches, with stop-loss below 76,400. Short-term target: 78,000–78,700, with potential extension toward 79,400 if the rally continues.
2. Lightly short near the 79,000–79,500 resistance zone, with a stop-loss above 80,800. Target a pullback to around 77,000.

ETH Head and Shoulders Top Pattern Appears: ETH has formed a clear head and shoulders top pattern. Although it dipped sharply once, it quickly recovered and did not break below the support line.
Once this pattern is confirmed, there will likely be a rebound, with the target near the upper line. Be patient and wait for the rebound to complete before considering short positions.

Trading advice: Intraday resistance around 2,338. When reaching the 2,338–2,360 zone, consider taking half of the position off and moving stop-loss and take-profit orders. Larger resistance levels: the middle band of the weekly Bollinger and the monthly EMA30 (2,464). A strong breakout of the 2,422–2,464 zone is needed to stabilize above 2,388–2,440. In the short term, only buy in parts on dips; avoid rushing.

Bullish opportunities: Each dip to the 2,300–2,250 range can be held as part of a long position. If it breaks through 2,366, add to the position to chase the long, increasing confidence.

Disclaimer: The above information is for reference only, not trading advice. The crypto market is high risk; participation should be cautious. #加密市场普遍上涨