4.21 Evening Bitcoin Market Outlook



Bitcoin today dipped to a low of 75,400, then rebounded and surged to around 76,900, currently oscillating near 76,400. The rebound volume is gradually diminishing, with the highs continuously moving lower. The upward rebound structure is encountering resistance, and the short-term bearish decline trend is reasserting dominance over the market. Overall, the strategy is to focus on resistance during rebounds and to consider short positions, with deep retracements to key support levels as opportunities for low buys.

In terms of market pattern, the price faced resistance after rising, forming a topping and then falling back. The 1-hour cycle shows a death cross signaling a downward trend. Multiple strong resistance levels above clearly suppress upward movement. Short-term bearish momentum continues to release, with strong selling pressure above, making bullish rebounds unsustainable.

Trading Suggestions
Rebound in the 76,900-77,400 range for short positions, with the first target at 75,700. If broken, follow the trend downward to 75,000-74,500. If the decline continues deeply, look further below 74,000. $BTC $ETH #Gate13周年现场直击
BTC0,64%
ETH0,54%
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