Coin Circle Li Ying: 4.28 Bitcoin 76700 as the last defense line: once broken, will it trigger a chain reaction? Latest market analysis and trading suggestions
Family members! The current price of Bitcoin is 76830, and the recent market has been quite tumultuous. Just surged near the high point of 80,000, but could not stabilize, resulting in a significant drop, and now it is fluctuating around this position. Overall, market sentiment seems a bit conflicted, bulls want to push it up but feel somewhat powerless, while bears took the opportunity to suppress it. Currently, the price is stuck in the middle ground, neither going up nor down, retail investors are probably waiting and watching to see which direction it will take next, whether it will continue to surge or take another dive, as it Depends on whether the trends in the next few hours can provide a clear signal.

From a technical indicator perspective, the Bollinger Bands are leveling off, with price oscillating between the middle and lower bands, indicating that it is in a correction phase in the short term, without a clear trend; on the MA moving averages, the 7-day moving average and the 30-day moving average are converging, while the 120-day moving average provides support below, showing that the mid-term trend is still acceptable, but it lacks momentum in the short term; the MACD green bars are widening, and the DIF and DEA are crossing downwards, indicating that bearish strength is being released, with momentum leaning bearish. In summary, the current technical indicators lean towards weak oscillation, but the support below has not broken, requiring caution for a rebound or accelerated decline.
Short-term trading strategy (taught by Li Ying, accurately aligned with the market)
Long strategy: 77800-78000, stop loss at 78500, target 76500 aiming for 75500
Short strategy: 76700-76400, stop loss at 76000, target 77200 aiming for 77400
Key Reminder: If the price strongly breaks above 78000 and stabilizes, the weak short-term pattern will be reversed, and short positions need to exit, and one can consider a pullback for long opportunities.
Risk Notification: The above analysis by Li Ying is based on real-time market data and is for reference only, not investment advice. Trading risks are borne by the individual.

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