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April 24 Bitcoin Morning Public Strategy
The current “big cake” price is around 78,050. In the morning, the overall market has slightly recovered; the price is up modestly by 0.48% within the day. After last night’s late plunge and shakeout, the market has entered a short-term range-repair and consolidation phase.
On the 15-minute timeframe, MACD bearish green bars are starting to appear. Short-term rebound momentum has weakened somewhat. On smaller cycles, there is a need for pullbacks and retests. Overall, this is high-level consolidation after a rebound—not a strong one-way trend reversal.
Trading suggestion: Set up long positions on dips around 77,500-77,000, with targets at 78,300-79,000.
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