April 27 Midday Analysis: Don't be fooled by false rallies, rely on empty positions to secure profits

Today’s early trading accurately reflected the morning’s strategy, with prices falling as expected under high pressure, and short positions successfully executed. The bullish momentum is waning, and the market is oscillating downward to test support levels. The rhythm control was precise, and the judgment not to chase longs at high levels was fully validated.

From the four-hour timeframe, Bitcoin’s overall bullish upward pattern remains intact. After probing the 76,500 level earlier, the bottom support has been solidly established and is extremely stable. This level has become the strong support center for this round of rally. Since the bottom was reached and prices rebounded, the market has maintained a stepwise upward trend. Each pullback and adjustment during this period has been a process for bulls to accumulate momentum and digest short-term floating positions, without changing the overall upward trend. Currently, the key short-term support is clearly locked at around 77,000, which is both the previous consolidation platform and the bottom line of bullish defense; the main resistance above is concentrated between 79,000 and 79,500. This zone is a critical resistance band that has repeatedly pressured prices during previous surges. If bulls want to continue the main upward trend, they must effectively break through this resistance zone and stabilize above it; otherwise, a high-level pullback and correction are highly likely in the short term.

Trading Suggestions:
: Short in batches around 78,500-79,000, targeting the 77,000-76,000 range. $BTC $GT $ETH #WCTC交易王PK #比特币突破7.9万美元 #伊朗提出霍尔木兹海峡重开协议条件