April 22 Morning

Thoughts and Analysis:
Bitcoin is currently fluctuating around 76,200, with a violent rebound from 74,700 in the morning, once surging above 76,400, but the momentum couldn't keep up. Now it’s trading within a narrow range at high levels, showing obvious signs of rebound fatigue and stagnation at high prices.
It appears to be returning to the middle band of the Bollinger Bands, but in fact, the Bollinger Bands are continuously converging without effective expansion—this rebound is merely a technical correction, not a trend reversal.
The bulls seem fierce, but in reality, they are just false fire, with exhausted momentum; the bears still hold the upper hand, and the balance of power clearly leans toward the bears.
Short-term, there is a high suspicion of trap trading, and chasing highs is very likely to get caught. In trading, it’s crucial to strictly control positions, set stop-losses properly, watch more and act less, and wait for clear signals before taking action.

Trading Suggestions:
Bitcoin: Rebound to 76,400-76,500, target 75,000
Altcoin: Rebound to 2,330-2,340, target 2,290
#比特币反弹 $BTC $ETH