4.22 Bitcoin Operation Strategy

The road to success is not crowded because not many people persevere to the end. When you want to give up, tell yourself to hold on a little longer, because it is often that small amount of persistence that brings you closer to your dreams.

From a technical structure perspective, the rebound after this round of retests is weak in both strength and magnitude. Combining the time window judgment, the short-term is likely to continue downward, seeking effective support. On weekly and daily levels, there is still room for adjustment below, and this current rebound also provides an opportunity for positioning. No need to worry about insufficient space when shorting.

Yesterday’s daily candle closed with a small doji bullish line, and the market entered a consolidation pattern. The short-term rebound is not very strong, more likely to confirm the high point of the rebound and repeatedly test the upper pressure. The battle between bulls and bears is quite intense, and we need to wait for a solid candlestick to break the current stalemate. The 4-hour chart shows alternating wide-range oscillations between bullish and bearish signals, with the previous low not yet broken, temporarily limiting the downside space. The short-term correction will not be too large.

Today’s trading focus remains on monitoring resistance above, paying attention to whether the market shows signs of testing highs followed by a pullback and a weak close. Bitcoin can be shorted within the previous high of 77,800-78,300, with targets at 76,500 and 75,500, and a stop-loss around 79,300.
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