Good afternoon, brothers!


✅️Market Review
Yesterday, Bitcoin's rebound was still strong, reaching a high point in nearly two months, peaking near 79,500, just shy of the 80k USD threshold. The 80k area is a strong resistance zone. Afterwards, it entered a period of correction and consolidation, with Bitcoin Cash relatively weaker than Bitcoin, moving in tandem.
✅️Today’s Market Analysis
Overall, the intraday trend continues to be a correction and consolidation. Currently, based on market data, the price is around 78,000 for Bitcoin and about 2,350 for Bitcoin Cash. A pullback from high levels is normal. There is no downward trend yet. In my opinion, after consolidation, a rebound is still likely. Even in a significant correction, it may form a double-top pattern. There are two possibilities: Bitcoin either gathers strength to directly surge above 80k or rebounds to around 79,500 before dropping again. So, be cautious about shorting at this position!
Intraday Resistance and Support
BTC 78,800 / 79,500 / 80,000
78,000 / 77,400 / 76,800
ETH 2,370 / 2,400 / 2,450
2,330 / 2,300 / 2,250
✅️Spot and Altcoins
Overall, there are no leading sectors currently. No sector's top coins are leading the rally. The main focus remains on meme tokens during the rebound.
The recent surge involved tokens like Neiro, Sats, Rats, Pepe, etc.
Let's see how it develops step by step!
BTC-0,3%
ETH-0,35%
NEIRO-3,05%
SATS-2,52%
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BlackGoldMechanicalHand
· 3h ago
Your support and resistance levels are clearly quantified—watch how price reacts around 78,800/79,500; false breakouts are most likely to be repeatedly harvested.
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TheMoonReflectsOnTheTranquil
· 21h ago
Agree, don't chase the empty; a high-level pullback doesn't mean a bear market. It's more comfortable to wait for the pattern to emerge before taking action.
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BluePeonyDarkroom
· 22h ago
ETH this wave really follows the trend, the strength is somewhat lacking, feels like it will either catch up with the rise or continue to be drained by BTC.
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TarAsphaltWarGod
· 04-23 07:41
Just charge forward and finish it 👊
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VinylRecordStaking
· 04-23 06:38
The 80k level is indeed tough; just hold steady at 78,000 on the pullback.
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Don’tRushToDoubleItYet.
· 04-23 06:36
The sector without a clear trend is indeed awkward; I can only follow the market. Watching memes and spectating is fine, but for actual orders, I still prefer to wait until the trend becomes clearer.
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GateUser-7a050ee5
· 04-23 06:36
If a double top actually occurs, the volume during the second peak is very important. A volume decrease to push through 79,500 would lean more towards a pullback, while a surge in volume to break above 80k would be considered as opening up space.
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RetroRadioEcho
· 04-23 06:32
I'm also watching these two levels at 77,400/76,800. If it breaks below, don't hold on stubbornly; withdraw first and wait for the next confirmation.
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StopRaisingGasFees.
· 04-23 06:23
Basically, it's a sideways market, best suited for grid/tranche trading, and chasing rallies or selling on dips can easily become fuel.
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GateUser-8df0eb2b
· 04-23 06:16
Do you think this round will first test 80,000 and then pull back? Or will it first dip to 77,400 and then surge?
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