4.22 Bitcoin Outlook


Bitcoin surged intraday and then pulled back, with a short-term rebound entering a high-level consolidation phase. The technical momentum for the rebound still exists, but indicators have entered overbought territory, showing a clear need for a short-term correction. Avoid blindly chasing the highs.
The key ranges are clearly defined: short-term resistance above is 76,800, with a strong resistance at 78,000; short-term support below is 75,500, with a core strong support between 73,600-74,000. The daily chart's overall upward channel remains intact, institutional funds continue to flow in, and the medium-term bullish pattern remains unchanged. In the short term, the market is mainly consolidating within a range to repair.
$BTC
BTC1,64%
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