# Bitcoin Rebounds

Bitcoin Soars Back Toward $77,000—A Great Opportunity to Open a Short Is Here Again

The temporary ceasefire between the U.S. and Iran will expire on April 22. With market attention focused on whether both sides will restart negotiations or continue their standoff in the Strait of Hormuz, U.S. President Trump said that the next round of talks is set to begin on the 21st, and that the U.S. delegation will travel to Islamabad, Pakistan. However, Iran said that its decision not to participate in the negotiations has not changed. In addition, Trump warned that if the U.S. fails to reach an agreement, it is “almost impossible” for him to extend the ceasefire with Iran again.

And amid the smoke and gunpowder, global stock markets are hitting fresh highs one after another, while Bitcoin has quietly surged once again toward $77,000. Later this evening, news came that Iran’s delegation has arrived in Islamabad; however, Bitcoin unexpectedly welcomed a wave of sharp sell-off. Tonight is destined to be another sleepless night. Tomorrow morning at 8:30 again brings a “no third option—long or short” kind of market. How should we position ourselves? Let’s talk about it together.

## 1. The high point of this Bitcoin rebound

I believe the high point of this Bitcoin rebound is right around $77,000–$78,000. In other words, this is an excellent spot to open a short position. From a technical perspective, BTC is in a critical decision zone—on the daily timeframe, MACD shows a top divergence signal indicating the risk of a pullback, and around $78,000 is the middle band position of the weekly Bollinger Bands, which is a strong resistance level.

Bitcoin key levels and technical analysis

Support levels (from near to far):

$74,000–$73,800: Recent lows and channel support overlap—this is the lifeline for maintaining the current bullish structure

$71,600–$70,000: The low point of the rising trendline and a psychological level—if it breaks, it will test the bulls’ resolve

$67,500–$65,500: The boundary of the key trend channel—breaking below could trigger a deeper correction

Resistance levels:

$76,000–$77,000: Current immediate resistance zone, with dense EMA pressure

$78,000–$80,000: Prior highs and a supply-dense area

$84,500–$85,000: Potential target level after a breakout

## 2. How to position during the “window period” before the ceasefire agreement

Last time, that “little fortune god” trade betting on shorts before the negotiations failed. The lesson is: don’t bet on the news. But since Bitcoin reached my psychological shorting level, I chose to close my shorts on both Bitcoin and gold, while strictly setting stop-losses around the prior highs.

What do you think will be the “deciding move” for tomorrow morning—long or short? How are you planning to position yourself? Let’s chat in the comments!