April 28 Evening Bitcoin Market Outlook

The market has broken below the lower Bollinger Band, indicating a clear bearish signal. The overall approach is to follow the trend and look for short opportunities, prioritizing shorting on rebounds. Blindly bottom-fishing is not recommended.

Key Levels
Resistance above: 76,500–76,700 (lower Bollinger Band + previous support turned resistance), consider short positions if rebound faces resistance.
Support below: 76,000–76,100 (intraday low), if volume-driven breakdown occurs, target 75,500.

Trading Suggestions
Short-term bearish strategy: When the price rebounds to 76,500–76,700 and shows signs of slowing, open small short positions with targets at 76,100/75,800, and set stop-loss above 76,900.
Long-side strategy: Only attempt long positions with small size if clear reversal signals appear in the 76,000–76,100 range, targeting around 76,500, with stops below 75,800, quick in and out.
Breakout handling: If the price breaks below 76,000, follow the trend and short with a target of 75,500; if volume stabilizes above 76,800, adjust to a bullish outlook.

Summary
Trade with the trend, strictly control position size and stop-loss, avoid holding through large swings, and wait for rebounds to face resistance before entering.