April 7th BTC Market Update | Bears in Control!
✅ Current Price: 77,109
✅ Trend: Bearish dominance, approaching 76,000 support
✅ Key Resistance: 78,000 (rebound may be hindered or trigger a drop)
✅ Key Support: 76,000 (if lost, look to 75,000)
Strategy Suggestions:
1️⃣ Short Opportunity:
If the price rebounds to 78,000 and meets resistance, consider a light short position, stop loss at 79,200, target 76,000-75,000.
2️⃣ Support Area for Rebound:
If 76,000 stabilizes effectively, showing a long lower shadow or significant rebound, consider a small long position, stop loss at 75,500, target 77,500-78,000.
Risk Warning:
⚠️ If it rises above 79,000, bears should exit, beware of trend reversal!
(Market volatility is severe, strategies are for reference only, profits and losses are at your own risk!)
