April 25 Morning Market Analysis

Bitcoin continues to trade within a narrow range of 78,500 to 77,000, consolidating sideways. During this period, market news has caused short-term disturbances, briefly affecting market sentiment, but it has never effectively broken through the range constraints. The bulls and bears are in a tug-of-war, tending toward balance, maintaining a high-level oscillation pattern overall, with clear resistance above and solid support below.

From a technical perspective, the four-hour chart shows a W-shaped pattern, with candlestick bodies narrowing, indicating gentle price fluctuations. The downward selling volume of the bears continues to shrink, and selling pressure gradually diminishes. The price repeatedly oscillates around the middle band of the Bollinger Bands, with short-term movements being choppy and looping, a typical bottom accumulation and correction pattern. Currently, the Bollinger Bands' upper and lower bands are converging without significant widening, suggesting that the bulls and bears are nearing the end of their struggle, and a short-term reversal window is approaching. As long as the price does not effectively break below the key support at 75,000, the medium- to long-term bullish trend remains intact, and the overall direction remains bullish.

Trading Suggestions
Buy in batches around 76,800-77,200 on dips, targeting 78,000-79,000

Buy in batches around 2,290-2,310 on dips, targeting 2,350-2,380