April 20 | Sunny | 00:42 | Bitcoin Watch 📉

Last night, Bitcoin moved very predictably, first bottoming out to stabilize the foundation, then gradually pulling up with hesitation, reaching the resistance zone above before being hammered down by profit-taking. The whole day was just a back-and-forth rebound and shakeout, with no strong directional movement. @严恩助理号

The daily chart directly shifted from weak to stable, closing with a small doji, with both bulls and bears having roughly equal strength. The next step is to choose a direction.

The four-hour bearish momentum is weakening, unable to fall further, so it rebounds. Short-term bulls are coming back, with strong support below on the hourly chart, but the upward momentum is insufficient, so it’s just sideways grinding in the short term.

Trading suggestion: The more aggressive can now short on rallies directly, while the more cautious wait for a rally to the resistance zone to go short in batches. First look at key support below; if broken, continue to watch lower long-term levels. Stop-loss must be set according to your position size; do not fight against the trend.

For: Aggressive traders can short at current 75,638 directly.
Conservative traders can short around 75,800-76,400.
Target: around 74,600-74,000.
Stop: below 72,500, long-term at 68,000.

‼️‼️Risk reminder: The above content is for reference only and does not constitute any investment advice. Please carefully assess your own risk tolerance and beware of risk traps! $BTC