4.24

Today's Big Cake Analysis:
The price quickly surged from a low of 76900.1, accompanied by a long lower shadow and a large bullish candle, indicating strong buying pressure below and that panic selling is being absorbed.
Subsequently, the price crawled upward along the middle band of the Bollinger Bands. As the Bollinger Bands’ three bands moved from convergence to beginning to open upward, it was a typical short-term rebound/rising trend signal. The price once pushed up to around 78648 near the upper band of the Bollinger Bands. The latest K-line is a bearish candle with a relatively long body, indicating that short-term bearish forces are currently being released, and the price is nearing the support at the lower band of the Bollinger Bands (around 77940).
Looking up, watch 78500-79000; if the rebound cannot break through here, the short-term bearish momentum will continue.
Looking down, watch 77500-77000; if the pullback stabilizes and follow-up longs are added, a break below this level could open up new downside room.
The market is highly volatile—strictly control your position size and set stop-losses. $BTC $ETH #WCTC交易赛瓜分800万USDT #美伊二轮谈判进展 #Gate13周年现场直击