#BTC
Key Trends
Oversold Rebound:
After Bitcoin's daily drop of 11%, it rebounded 9% from a higher timeframe support level.
The daily close stabilized at $78,000, consistent with the closing prices in mid-March and last Sunday.
Although it pierced the weekly EMA50 line during the day, it ultimately closed above that line → Short-term stop-loss signal.
Bull-Bear Divide:
The current price faces selling pressure at $81,200.
To confirm the bottom, the following conditions must be met:
The daily close must hold within the $77,000-$78,000 range.
Break through and stabilize above $81,200.
Related Markets:
The S&P 500 also rebounded from a key level, but risks have not been fully alleviated.
Operational Strategy
Observation Phase:
The current rebound still has uncertainties, and the possibility of a second test in the HTF support area ($70,000-$73,000) has not disappeared.
Confirmation Signal:
If $81,200 turns into support, consider gradually building positions.
Strict Risk Control:
If it falls below $77,000, be cautious of a deep correction.
