$BTC April 17 BTC Latest Strategy Analysis

BTC:
Price rebounded from a low of 73256.8 to a high of 75500.0, then pulled back. Currently, the 15-minute chart shows price oscillating around 74586.5, with a short-term pattern of a high-level correction and intensified battle between bulls and bears. The Bollinger Bands are narrowing, with the price testing the middle band at around 74841.7, the lower band at 74528.6 forming a strong short-term support, and the upper band at 75154.6 acting as short-term resistance; MACD indicators show DIF at -56.6 and DEA at -6.1, with green bars continuing to expand, indicating strengthening bearish momentum. Trading volume remains moderate and shrinking, with short-term bearish sentiment heating up.
📉 Bearish Logic:
Above 74800-75100 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 75154.6 and the MA30 at 74930.2, making the rebound unsustainable. If the price drops sharply below the support at 74528.6, the downtrend is likely to continue. The first support below is at 74000; if broken, the price could test the 73800-73500 range, and in extreme cases, test the previous low at 73256.8.
⚠️ Risk Reminder:
If the price fails to break below the 74528.6 support and MACD forms a golden cross with volume gradually increasing, the bearish trend could quickly reverse. Caution is advised for a rebound to the 74800-75000 range, and strict stop-loss measures should be set to avoid trend reversal risks.
🎯 Main Strategy: Bearish bias
• Short entry zone: 74800-75100
• First target: 74000
• Second target: 73500
• Stop-loss level: 75200