Mr. Coin in the Crypto World: April 19 Bitcoin (BTC) Market Analysis Reference
The current price of Bitcoin is running around 75600. Looking at the daily chart, the bullish trend hasn’t completely deteriorated, but it is pressed by short-term pullbacks. On the 4-hour chart, it has come down directly from the high of 78300, with MACD showing a dead cross and the bullish momentum clearly leaking. This wave is just a normal pullback. Looking at the 1-hour chart, RSI has dropped to 16.9, which is severely oversold. To put it simply, it has fallen too much, and there will definitely be a technical rebound for correction in the short term. But don’t take this rebound as the start of a new market trend. The strong resistance above is around 76500-77000, and if it can’t break through, chances are it will test the bottom again.
The key support is at 74000-74500. If this position holds, the larger trend can still be sustained, and it may even climb higher again; if it is broken, the next level would likely head towards 72000. Moreover, funds are still flowing out, with a net outflow of over 400 million. Without new incremental funds coming in, the height of this rebound is definitely limited; it is just a correction, not a reversal. In terms of trading, it is recommended to short high and long low, and follow Mr. Coin for real-time market analysis.
April 19 Short-term Bitcoin Reference:
For the 76800-77800 range, defend at 79800, stop loss at 500 points, target below 76000.
For the 73800-74800 range, target above 75500, stop loss at 500.
Messages may be delayed, and strategy suggestions are for reference only. The market changes rapidly, and no matter how high your judgment is about the market, you must have stop-loss and take-profit measures in place to ensure safety.
For more daily real-time trading strategies, online technical learning, and exit strategies, you can follow the instructor’s public account (Mr. Coin Talks Crypto) to get the addition method: The first ten each day can receive free exit strategies.
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