4/18 Bitcoin midday analysis


• Breakout from a falling flag pattern + new high 78300, aggressive short squeeze
• New high closed with a shooting star line → Heavy selling pressure above, quick pullback
• The rapid rise slope is too steep → A healthy pullback; not a trend reversal to short, and the broader trend is still largely bullish
Trade outlook
• Unable to hold above 77375 → Pull back to the upper edge of the flag pattern at 75837
• 75837 holds → Range-bound oscillation between 75383–77375
• Drop back inside the flag pattern → Oscillation within the flag, waiting for direction to be chosen
• Conditions for continued upside → Stabilize above 77399 with increased volume → Watch 78323 → Breakout target 79297
Trading suggestions (with stop-loss)
✅ Long
• Entry: Breakout above 77399 with increased volume
• Stop-loss: Below 76981
• Targets: 78323 → 79297
✅ Short
• Entry: Break below 76981
• Stop-loss: Above 77399
• Targets: 75536 → 74362
【Right-side follow orders】
• Follow long: Break above 77399, confirm on the pullback
• Follow short: Break below 76919, and fail to rebound back up
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BTC2.68%
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