April 18 Morning Analysis:

For those still awake and caught in a short position, take a look at the market. Currently, BTC is fluctuating around 77,500. The middle band of the Bollinger Bands at approximately 77,471 is a key dividing line. After a previous surge to 78,300 followed by a pullback, the MACD has already formed a death cross, indicating that bearish momentum is being released, and short-term upward momentum has significantly weakened.
Here are two clear key signals: If the price stabilizes above the middle band and breaks through 78,000, the bulls will have room to continue, with targets near the upper band; conversely, if it falls below the middle band and drops below 77,000, a correction is confirmed, with support around 76,500.
Once again, it is not recommended to blindly chase highs during high-level oscillations. Wait for a clear direction before taking action to avoid repeated stop-losses. In real trading, discipline always takes precedence over predictions.
The essence of trading is dealing with uncertainty. Managing risk well is the way to go further in the market. Yifan is short-term trading around 78,200-79,000, with an initial target near 76,508. If broken, the target drops to 74,500. Long-term target is 88,000.