Coin Circle Li Ying: On April 30, Bitcoin technical indicators are brewing beneath the surface. Will the next second lead to heaven or hell? Latest market analysis and operational suggestions.

　　Family! Bitcoin's current price surged from 75800 all the way to a peak of 79485, and that momentum felt like it was about to take off to the sky. Many investors were incredibly excited, thinking they could make a big profit. But who could have thought that this upward trend wouldn’t last long, and Bitcoin started to turn downwards, stumbling to its current position. Now everyone in the market is puzzled, is this a brief pullback, or is it on the verge of a significant drop? No one is certain.

　　From the moving average system perspective, the 7-day, 30-day, and 120-day moving averages show a bullish arrangement indicating a major trend. However, the short-term moving averages are showing signs of flattening, suggesting a weakening of short-term upward momentum. In terms of MACD indicators, the DIF line is showing a tendency to cross down through the DEA line, and the MACD histogram is gradually shortening above the zero axis, indicating the bullish power is in decline and there is a potential for a market shift towards bearish. But overall, it remains in a bullish market environment. If the MACD histogram can expand again and the DIF line rises, bulls still have an opportunity; conversely, if weakness continues, bears may take further control of the situation.

　　Finally, Li Ying provides entry references. For bulls, if the price can stabilize and break through the short-term resistance level of 76500, accompanied by a significant increase in trading volume, it can be regarded as a signal for bulls to regain strength. At this point, considering an entry is advisable, targeting the previous high of 79485 and setting the stop-loss a certain distance below the entry point at 75500. Bears should wait for the price to break below the important support level of 75000. If the MACD indicator continues to be weak simultaneously, they may enter a short position, targeting 73000, and setting the stop-loss above the breaking point, distinguishing the stop-loss position from the bulls, here hypothetically set at around the reasonable position of 75800.

　　Risk warning: The above analysis by Li Ying is based on real-time market conditions and data, for reference only, does not constitute investment advice, and trading risk is borne by the individual.

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