4.8th Bitcoin Outlook Thoughts

Bollinger Band Pattern: The opening bands continue to widen—both the upper band and the lower band are trending upward—forming a classic upward-trending Bollinger Band. This indicates that short-term bullish momentum is dominant and volatility is increasing.

Previous Market: A strong rally began from the low of 68164.5. The price moved along the upper Bollinger Band, representing a standard one-way uptrend with sufficient bullish energy.

Recent Price Action: After pushing up to 72743.4, the price pulled back and printed multiple consecutive bearish candles. The price fell back from the upper Bollinger Band toward the middle band, which is in the correction phase following an advance.

Bitcoin on the 15-minute timeframe has just finished a wave; now it’s a pullback after a big move up. The bigger direction is still upward.

The key thing to watch is this middle band at 71179. As long as it doesn’t break down, it’s still a bullish market; only if it breaks below would there be a higher risk of a larger correction.

For taking longs in the short term, wait for a pullback to the middle band area and for it to stabilize before entering. For taking shorts, the only option is small-position trading near resistance levels—enter and exit quickly.

Bitcoin: A pullback to the 71000-70500 area could push higher; the first target is 73000, and the second target is 74000

$BTC $GT #加密市场行情震荡 #Gate广场四月发帖挑战