$BTC 4.23 Bitcoin (BTC) surging to 79,000! Daily K trend is set, don’t miss the latest market analysis and trading suggestions for four-hour long and short opportunities

BTC current price is 78,950, and the current market is in a crazy upward mode. Many crypto friends are asking: Can I still chase the long now? Will there be a sudden dump? Stop guessing blindly! I will directly use daily K and four-hour dual-cycle technical analysis to break down the trend, momentum, resistance, and support clearly for you. No need to look at those ambiguous analyses. After reading, you’ll know how to position yourself next, with entry points for longs and shorts, stop-loss levels all marked for you. Just follow and execute!

The daily K-line is currently in a strong northward trend, with prices breaking previous highs and continuing upward. The moving averages are still arranged in a northward pattern, and the medium-term trend has not turned bad. The MACD red bars are continuously enlarging, indicating strong northward momentum. DIF and DEA are rising above the zero line, maintaining a good upward trend. The Bollinger Bands are opening upward, with prices near the upper band, indicating the upside space has opened. But the current price is at a historical high, market sentiment is overheated, and the risk of a pullback is accumulating. Caution is needed when chasing high.

Four-hour cycle signals show that the main coin is in a high-level oscillation with a slight bullish bias. The price is oscillating upward along the EMA15 line, and the northward pace has not been broken. However, the MACD red bars are shrinking, and DIF and DEA are converging at high levels, indicating a clear weakening of northward momentum. A bearish divergence signal is forming. The Bollinger Bands are starting to converge, with prices repeatedly testing near the upper band, showing increased selling pressure above. Short-term pullback demand is emerging, and the high-level chase for longs has low cost-effectiveness.

Short-term trading ideas: Follow the larger cycle trend, with quick small stops, quick in and out

Support at 77,500 to 78,000 for northward moves, stop-loss at 76,800, target 79,500 to 81,000

Resistance at 79,500 to 80,000 for southward moves, stop-loss at 80,500, target 78,000 to 77,000

Currently, Bitcoin is a typical emotional market, rising with the crowd and falling faster than anyone. The risk of chasing longs at high levels far outweighs the potential gains. Don’t think missing out means there’s no opportunity—markets never lack chances. Regardless of long or short, always set a stop-loss. Don’t hold on blindly. Once the trend reverses, it’s hard to get out if you’re caught at high levels!