April 24 Friday Morning Market Analysis



Yesterday, Bitcoin maintained a range-bound oscillation pattern overall. The support at around 77,000 remained solid, while the resistance at 78,500 continued to be under pressure, with the market limited in both directions, showing a clear tug-of-war within the range.

The daily chart closed with a bullish finish, indicating a steady upward trend for the bulls; the four-hour chart repeatedly tested support with long lower shadows, showing strong buying momentum, while the bears' volume continued to diminish, with no downward momentum, fully aligning with the expected trend.

Today's strategy continues the oscillation with a slightly bullish core logic, mainly holding low-position long positions, and considering short positions at high resistance levels when appropriate.

Trading Suggestions
Bitcoin: Buy near 77,500, targeting above 79,500.

Ethereum: Around 2,300, with targets at 2,430 and 2,460; if a strong breakout occurs, look toward the 2,500 level.
BTC-0,54%
ETH-1,8%
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