$BTC 📊 April 23 BTC Latest Strategy Analysis

BTC：
After being pressured and falling back from the high of 79444.0, the price has currently broken below the middle band of the Bollinger Bands on the 15-minute timeframe, with the low touching near 77526.8. In the short term, it shows a one-way bearish trend. The Bollinger Bands’ opening continues to widen; the price moves weakly downward along the lower band. The middle band at 78211.1 and the MA7 at 78038.7 form a stepped pattern of resistance; the MACD shows DIF=-171.9, DEA=-139.9, MACD=-63.9, with the green histogram bars continuing to expand and operating below the zero line. Bearish momentum is releasing strongly, and trading volume is shrinking in sync, with selling pressure dominating the market.
📉 Bearish logic：
The 78000-78500 range above is a strong intraday resistance zone. If the price rebounds into this area, it will face dual suppression from the Bollinger Bands’ middle band and the previously broken down support platform, so the rebound is unlikely to change the bearish trend. If the price cannot hold above 78200, subsequent price action will most likely continue lower. First, it may target 77500; after breaking, it can further probe the 77000-76500 range. In extreme conditions, it may test the 76000 prior swing low support.
⚠️ Risk warning：
If the price re-establishes itself above the MA7 at 78038.7 and the MACD shows a bottom divergence while trading volume increases, the bearish trend could reverse quickly. Be cautious of the market rebounding to the 78800-79300 range, and you must strictly set stop-losses to avoid the risk of a trend reversal.
🎯 Main strategy: Bearish bias
• Short entry range: 78000-78500
• First target: 77500
• Second target: 77000
• Stop-loss level: 78800