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On Monday, April 20th, the bulls have finished building up momentum, and a new round of rally is about to begin.
It’s another new week. Bitcoin’s recent price action has repeatedly oscillated, shaking out the market. It has retested key support levels multiple times, and market panic has eased somewhat. Many retail traders have chosen to leave amid the volatility. Overall, the selling pressure has clearly weakened. Negative news has basically been digested. At lower levels, buy orders keep stepping in to absorb, and the chart is gradually shifting from weakness to strength—laying the groundwork for the next leg higher.
From a technical perspective, Big Cake has stabilized above an important support level. The short-term downside momentum has run out of steam. On the 4-hour timeframe, the moving averages have begun to curl upward, and a bullish structure is gradually taking shape. The larger-scale uptrend has not been broken. Support beneath remains strong, and the room for a pullback is very limited. As long as it holds within the current range, it could break out of the consolidation pattern at any time and move into a one-way uptrend.
For Monday morning, the recommendation is to buy Big Cake at 74000-73500, targeting the 76000-77000 area. Don’t let minor fluctuations affect your mindset. Any short-term pullback is a chance to buy the dip—do not blindly cut losses and go flat. For conservative holders, continue holding your positions, and patiently wait for the breakout and rally. There is plenty of upside room ahead; only those who can hold on will be able to catch this main upward move. $BTC