April 24th Afternoon Analysis

As Yifan analyzed in the morning, BTC directly reached the target. I wonder if all of Yifan's loyal fans caught this wave. After reaching around 78,500, it pulled back. Yifan also took this opportunity. The market completed a deep bottoming and recovery, with the previous low of 76,504.6 fully clearing out the bearish momentum. The trend has shown a complete bottoming and rebound, with higher lows, and the bullish reversal structure has been fully formed.

Currently, the price is steadily above the middle band of the Bollinger Bands. The Bollinger channel has turned from downward to upward, closing in. The buying support below is solid and strong, with very limited space for downward correction.
The MACD double lines are turning upward from low levels, indicating the bearish momentum is continuously weakening. The bulls are gathering strength, and the short-term decline is merely a healthy shakeout and correction, not a trend reversal.

The overall oscillating upward trend remains unchanged. Every pullback is an opportunity for bulls to enter at low levels. The short-term rebound momentum is sufficient, and the market is expected to continue bullish, opening a new upward space. Yifan personally suggests buying around 76,000-77,000, with targets of 78,500-79,500.