Bullish sentiment without taking long positions, waiting for a shorting opportunity!

Good evening everyone, a brief overview of the overall Bitcoin market trend to help clarify the current market rhythm.

In this round of Bitcoin rebound, the target has already approached 90% of the fulfillment. The first rebound target I mentioned earlier was 78–79, with an upper limit of 82–83. This level has XA gaps and CMB gaps pressing down, which I have repeatedly mentioned before; the market has a short-term chance to touch and test this area.

Pay close attention to news influences, as market reactions driven by news can cause rapid surges or plunges, leading to very extreme movements.

Looking back at January’s trend, when prices surged higher, volume clearly increased, and the breakout from the middle zone was supported by complete volume; in contrast, the overall trend in April has maintained an upward movement for a long time, with a higher proportion of bullish candles, and the rebound structure is relatively strong, making the market rhythm more moderate.

From a technical structure perspective, the current market can be moderately optimistic, with a touch opportunity in the 82–83 range. Strictly adhere to trading discipline: until a top-divergence pattern appears, do not conclude that this upward move has ended.

However, short-term risks must be taken seriously:
The four-hour timeframe has already formed a top-divergence pattern, with a structural divergence appearing simultaneously. A short-term correction is clearly needed, and chasing highs at this point is absolutely not advisable.
To go long, wait for a full adjustment, a pullback, and stabilization before considering a position.

The key support zone is at the lower boundary of the middle zone around 73,700; focus on this trendline and the middle zone’s gains and losses. If the four-hour pullback does not fall back into the middle zone, after the correction ends, there’s a high probability of a second upward push.

Looking at smaller timeframes: the 30-minute chart is currently in a three-buy position, but beware of the risk of this three-buy turning directly into a two-sell signal.
Combined with the four-hour top-divergence resistance, the cost-effectiveness of long positions on smaller timeframes is very low, and it’s easy to be stopped out.

Recent market conditions are quite difficult to grasp, so I recommend brothers not to hold heavy positions chasing highs. Control your positions and wait for opportunities to short, always ready for this weekly decline to start! #Gate13周年现场直击 $BTC