Academician of the cryptocurrency circle: 4.25 Bitcoin 77500 is consolidating! Weekend advice is to observe more and act less! Latest market analysis and trading suggestions.

The current price of Bitcoin is 77550, currently in consolidation. Is it accumulating strength for an upward attack or inducing buying at high levels? Don’t trade based on feelings! If you, like me, entered below 74000, you can continue to hold. If you entered above 77000, regardless of whether you are going up or down, it is advisable to enter and exit quickly. Capital is our ammunition; don’t let the bullets run out before the market moves. The main force is currently fluctuating back and forth; do not hold heavy positions. Trading is not gambling; it relies on strategy and discipline for sustenance. Don’t let emotions cloud your judgment. Take it slowly, and making money within your understanding is the way to survive long in this market.

The daily K-line has closed with a small bullish line, and the price continues to stay above EMA15, EMA30, and other moving averages. The medium-term upward trend remains intact. The MACD indicator’s double lines are persistently rising above the zero axis; although the red bars have shortened, they are still maintained in a growth state, continuing the upward trend. The middle track of the Bollinger Bands forms strong support around 74000, while the upper track forms pressure around 79500. The price is operating within an upward channel, and there is no obvious reversal signal at the daily level.

The four-hour K-line is fluctuating narrowly between 77000-78500. The EMA moving averages are still arranged in an upward direction, but the short-term price is significantly deviated from the moving averages, indicating a need for a pullback and repair. The MACD indicator's double lines are expected to have a death cross at a high position, with the red bars significantly shortening, indicating a clear weakening of short-term upward momentum and the presence of a pullback risk. The Bollinger Bands are narrowing, and the price is operating above the middle track, with lower support around 75700 and upper pressure around 79500. The short-term is entering a consolidation period, so I suggest everyone take a good rest over the weekend and spend quality time with loved ones. For the single friends, here are some short-term references:

Short-term trading idea reference: Follow the trend of the larger cycle, small stop losses, quick entry, and exit.

Going up from 76500 to 77000, stop loss at 76000, target at 78500 to 79500.

Meeting resistance from 79000 to 79500, stop loss at 80000, target at 77500 to 76500.

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