$BTC 📊20 April BTC latest strategy analysis

BTC:
Price retreated from a high of 76200.0 to a low of 73669.0 and then rebounded, currently trading around 74433.6 on the 15-minute chart, showing a short-term pattern of high-level correction and intensified bullish-bearish battles. The Bollinger Bands are narrowing, with the price testing the middle band at around 74167.2, the upper band at 74650.8 acting as short-term resistance, and the lower band at 73683.5 providing short-term strong support; MACD indicators DIF=-60.3, DEA=-142.5, MACD=164.4, with the red histogram volume increasing but still below the zero line, indicating that the bearish momentum has not fully dissipated. Trading volume remains moderate and shrinking, suggesting that the short-term bearish sentiment still has room to fluctuate.
📉 Bearish logic:
Above 74600-75000 is a strong intraday resistance zone. When the price rebounds to this area, it is likely to face double resistance from the upper Bollinger Band at 74650.8 and the MA30 at 74357.4, making the rebound unsustainable. If the price drops with increased volume below the lower band at 73683.5 support, the downtrend is likely to continue. The first support level is at 73200; if broken, the price could test the 72800-72500 zone, and in extreme cases, test the previous low support at 72000.0.
⚠️ Risk warning:
If the price fails to break below the lower support at 73683.5, and MACD forms a golden cross with moderate volume expansion, the bearish trend could quickly reverse. Caution is advised for a rebound to the 74600-75000 range, and strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main strategy: Bearish bias
• Short entry zone: 74600-74900
• First target: 73600
• Second target: 72800
• Stop-loss level: 75100