April 27 Evening Market Analysis $BTC $ETH

This morning, Bitcoin started a volatile upward trend from a low of 77,777. The bulls gradually entered the market and gained momentum, pushing the price higher to a intraday high of around 79,400; after reaching the high, selling pressure concentrated above was released, and the price quickly faced resistance and fell back, with a low of 77,400 to complete a shakeout move. Currently, the market has stabilized around the 77,700 range with sideways consolidation.

From the hourly technical pattern, the market has formed a stepwise oscillating upward structure. During the rebound, trading volume has steadily increased, and the bullish momentum has not exhausted. In the short term, there is potential for further upward movement, with a focus on testing the key resistance at 79,000. The overall market is in a phase of rising sharply, then pulling back for a shakeout and recharging. As long as the key support below is not broken, this rebound structure remains intact. After confirming support on the pullback, the bullish rebound trend will become more solid. In the short term, avoid blindly chasing highs; focus on buying on dips.

Trading Suggestions

Buy in batches near 77,000-77,500, targeting around 78,500-79,000, with a continued rise beyond that to 80,000.

Buy in batches near 2,290-2,310 for Ethereum, targeting around 2,350-2,380, with a continued rise beyond that to 2,420.