April 27 Morning Analysis

The short-term rally of Bitcoin has shown signs of fatigue, and bearish signals are gradually forming.
After the price surged near the upper band of the Bollinger Bands and quickly fell back, the upper band faced significant resistance, and the candlestick body narrowed, indicating that upward momentum is clearly weakening.
The Bollinger Bands are showing a narrowing and a potential reversal, suggesting the upward trend may not be sustainable.
In the KDJ indicator, the J value has entered the overbought zone, indicating a strong short-term pullback demand.
Combined with the high-volume long upper shadow at high levels, the bullish momentum appears to be overextended.
Currently, the price has broken below the recent upward trendline, with weak support below, and the bearish force is accumulating.
In the short term, a retest of the middle Bollinger Band is highly probable, so caution is advised for a rapid correction risk.
Trading suggestion: 79,100-79,600 range, target 77,100-77,600.