4.24 Evening Bitcoin Market Outlook

Bitcoin dipped to 76,900 support intraday, then stabilized and rebounded. The short-term rebound surged but is currently under pressure around 78,200, consolidating sideways.

After being oversold, a strong technical repair rebound has kicked in; however, the key overhead resistance zone has not been effectively broken through. Bullish follow-through momentum continues to weaken. Overall, the main bearish trend structure remains intact. In addition, with continued geopolitical tensions in the Middle East tonight, market risk-averse sentiment is heating up—after a rally, the risk of a pullback is extremely high. Trading continues to focus mainly on shorting at rebound highs, with minor long positions on pullbacks as a supplement.

As the short-term rebound is approaching a heavy resistance area, upward momentum has clearly slowed down. Selling pressure at higher levels is starting to gradually appear. At this point, the chase-buying risk-reward ratio is very low, and there is a possibility at any time of getting rejected and falling back again.

Trading Suggestions

Short in the 78,600-79,200 rebound range. First target: 77,600. If it breaks, look down for 77,000 → 76,500 → 76,000#美伊谈判陷入僵局 $BTC $ETH