April 22 Morning Bitcoin Analysis

Since the recent low point stabilized, the market has formed a clear oscillating upward structure, but macro news disturbances have caused resistance at key pressure zones. Currently, it remains in a bullish oscillation consolidation phase, and the direction needs to focus on the effectiveness of key nodes.

The core resistance zone is locked around 76,500-77,000:
• If this pressure is not broken with volume, the market is likely to continue wide-range oscillations, with bulls and bears repeatedly testing each other;
• If it can effectively stabilize and break through this critical threshold, it may confirm a trend bullish signal, opening upward space for the subsequent bull market.

The key support level below is around 75,000: this position is both the recent oscillation lower boundary and an important defensive line for the bullish trend. When support is effective, traders can rely on this node to set up long positions and catch rebounds easily.

In oscillating markets, discipline is especially crucial. It is recommended to take profits in stages after reaching target levels, securing gains and avoiding losses, accumulating small wins for bigger success.
Currently, macro news remains the core variable that can break the oscillation balance and catalyze trend movements. Before and after news windows, caution is advised to avoid sudden volatility.
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