Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
April 18 Afternoon Bitcoin Market Outlook
Bitcoin faced resistance after surging early this morning. After reaching a high of 78,323, it began a continuous decline, with the lowest dip around 76,920. The short-term rebound is weak, and the current price is trading around 77,146 in a weak oscillation. Overall, the highs are continuously lowering, and the lows are constantly being refreshed. The rebound is under pressure, leading to a decline. The overall bearish trend is clear, and the strategy remains to short on rebounds.
In terms of chart pattern, the price repeatedly tests the resistance level above. Multiple rebounds have failed to break new highs. The small cycle shows a typical lower high and double top reversal structure. It has also broken below the short-term support trendline, with bearish momentum continuously releasing. The upward resistance force is very strong.
Trading Suggestions
Short on rebounds in the 77,350-77,850 range, with the first target down to 76,800. If broken, follow the trend to 76,300-75,800. If the support is deeply broken, continue to look down to 75,000.