4.23 Evening

Thought Process Analysis:
Bitcoin’s current price is 78,500. After a big surge, it has entered a high-level stagnation range! Multiple attempts to break the prior high at 79,472 were met with strong selling pressure and pullbacks. The bulls are clearly running out of steam, while the bears move in to suppress the market—everything on the chart shows the bears are at the end of their strength. Although the Bollinger Bands remain in a bullish alignment, the price is trading right along the overbought upper band. The MACD forms a death cross at high levels, and the green histogram continues to expand—upward momentum has completely exhausted, and the pullback signal is clear. Support at 77,557 is in jeopardy; once it breaks, it will most likely head straight to 76,000 or even 75,000. The trend has not fully reversed yet, but in the short term, the bears have taken the upper hand—adjustment is just around the corner!

Trading Suggestions:
Big Pie: Pull back to 78,500–78,600, target 77,500 and 77,000
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