4.22BTC Evening Trading Ideas



On the 1-hour timeframe, although it has already formed a moving-average golden cross and a bullish alignment, and it looks like a bullish structure, the price is already at a relatively high level now and is trading right along the upper band. There isn’t much upward room left. Instead, be careful of a sudden spike followed by a pullback at any time. Being bullish at this point, but getting trapped, is like standing at the top of the mountain

The area above 78800–79200 is a clear strong resistance zone. If price pushes up and starts to see increased volume but it can’t rise further, or you see long upper wicks or signs of a turn, don’t hesitate—prioritize taking short positions.

The key support below is at 77500. Once it breaks, this pullback is basically confirmed, and the bears will be more proactive

Find opportunities to short in the 78800–79300 range, with targets at 76600–77100
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BTC3,29%
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