Crypto Circle Mr. Coin: 4.18 Bitcoin (BTC)) Market Analysis

Is this wave really going up or down? What should we do next!
First, look at the daily chart: Bollinger Bands are opening upward, pushing higher, and the price is steadily staying above the upper band.
MACD red bars are getting larger, with net inflow directly reaching 80k.
The medium-term bullish trend is intact—no issues at all!
But looking at RSI, it has already surged to 80, clearly overbought, so a correction is inevitable.
Next, check the 4-hour chart: Bollinger Bands are opening upward throughout, and each dip to the middle band is being firmly supported.
The bullish momentum is incredibly strong, and the upward trend shows no signs of weakening.
However, on the 1-hour chart, the price has been dropping from the high of 78,300.
MACD red bars are shrinking, and KDJ is turning downward, indicating short-term momentum has exhausted.
Expect high-level consolidation and a possible pullback at any time!
In the short term, over the next few hours to a day, BTC is very likely to retrace!
First, watch the 77,000 support; if it doesn’t hold, then look at 76,000 and 75,000.
As long as the pullback doesn’t break below 73,800, the bullish trend remains, and there’s still a chance to push to 80k later.
But if volume increases and it falls below 73,800, this upward move will weaken significantly, and a deeper correction could happen!
Conservative friends, don’t chase longs at this high level; the risk-reward ratio is very low.
Chasing now is like standing at the mountain top.
Brothers holding shorts, don’t hold on stubbornly—reduce positions to lower risk.
Don’t fight the trend blindly.
Key support level: 73,800—this is the lifeline for the bulls.
If it breaks, it’s time to admit defeat!
In the crypto world, staying alive is more important than anything else.
Don’t be greedy for the last bit of profit.
Control your positions, set stop-losses, and stay steady.
There are plenty of opportunities ahead!
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4.18 Bitcoin short-term reference:
Range between 77,800 and 78,800,
defend at 79,800,
stop loss 500 points,
target below 77,000,
support at 73,800-72,800,
target above 74,500,
stop loss 500.
Message may be delayed,
strategy suggestions are for reference only.
Market changes rapidly—no matter how confident you are in your judgment,
be sure to set take profit and stop loss to secure gains.