4.20 Morning Bitcoin Market Outlook

Bitcoin surged and faced resistance last night, initially reaching a high near 76,200, then encountering selling pressure and turning downward in a continuous decline, with the lowest point around 73,700. Currently, it is consolidating weakly around 74,000. The highs on the chart are continuously declining, and the lows are constantly being refreshed. Each rebound faces resistance and falls back, with a clear bearish trend dominating the market. The overall strategy remains to short on rebounds.

In terms of chart pattern, multiple rebounds have failed to return to high levels. The 15-minute cycle shows a standard step-by-step downward correction structure, having broken through multiple short-term support levels. Bearish momentum continues to expand, with strong resistance above, and bullish rebounds lack sustainability.

Trading Suggestions

Short at 74,300-74,800 zone, with the first target at 73,500. If broken, follow the trend to target 73,000-72,500. If the decline continues deeply, look further toward around 71,900. #美伊局势和谈与增兵博弈 $BTC $ETH