BTC Latest Trend Analysis and Prediction Quick Report: The mid line trend is about to change, and short-term traders can buy on dips. The target is around 79500! 1、 Current market and trading volume After rebounding to the strong gravitational level of 0.786 in the Fibonacci channel, BTC has fallen from 78000 and is currently oscillating around 76000. The 4-hour trading volume has shrunk from 100000 to over 600, typical of a breakthrough in volume and a rebound in volume, with a healthy structure, as shown in Figure 1 2、 Three key data points worth paying attention to Firstly, there is a frenzy of buying ETFs. On April 17th, there was a net inflow of $664 million in a single day, with BlackRock receiving $284 million, Fidelity receiving $163 million, and Ark receiving $118 million. Institutions buy in real money. See Figure 2. Secondly, the selling pressure on the order book is between 78000-80000. This is the resistance zone above and also the short-term target area. See Figure 3. Thirdly, the United States and Iran are close to reaching an agreement. The Strait of Hormuz has opened, oil prices have plummeted, and risk appetite has rebounded. But the Iranian parliament has also clarified some details, and the agreement has not yet been finalized, so there are still variables in the future. Mei Yi is playing a duet and making the market jump like chickens and dogs. It's so inhumane! 3、 Short - to medium-term trend judgment Short term: Consolidation of volume around 76000, with support below 75500-76000. As long as this area is not broken, the callback is an opportunity to intervene. Rebound target price: Look at the upper target range of 78000-79500. The 0.786 position of the Fibonacci channel is around 78500, and the position of the 1st axis points towards around 79500. Risk: 78000-79500 is a strong resistance zone, and if unable to break through, it may retrace to 74000-75000. Mid term trend direction: The weekly level fourth wave dead cat rebound high point target price is around 80000 yuan, and the predicted high probability of a change in trading window is around April 22nd. Once a reversal occurs, the fifth main drop wave at the weekly level will begin. Breaking six and running towards four is not a joke, it's just a matter of time. 4、 Short term trading strategy recommendations Short term long order: enter the market when the pullback reaches 75500-76000, stop loss 75000, target 78000-79500. Mid line empty ticket: Not urgent. It is not too late to lay out in batches and time slots when the price surges to 78500-79500 and a bearish signal appears and the window of change opens. Don't touch the top and go short now. 5、 Market Summary ETFs are being bought, the volume is shrinking, and the structure is not bad. A pullback to 75500-76000 is a short-term opportunity. Let the bullet fly for a while longer. The above analysis and trading strategies are for reference only, and profit or loss is the sole responsibility! Bitcoin BTC Market Analysis Mr. Xiaolong