April 9 Bitcoin Market Analysis

Trend is intact: The main upward wave structure, which started from the 65,676.1 low point, remains complete. Although it surged to 72,858.5 before pulling back, the medium-term upward trend has not been broken, and we are currently in a normal retracement confirmation phase.
During the retracement, trading volume significantly decreased, with MA5 (4,772.35) and MA10 (4,939.26) volume moving averages flattening, indicating rapid release of selling pressure and sufficient support. There is no panic selling with volume expansion, and the correction is a healthy adjustment.
Trading Suggestions:
Entry: When the price retraces to the 70,400-70,800 range and shows volume contraction with a stop-down and bullish candle coverage signal, gradually buy in on dips.
Stop-loss: Strictly set below 70,000 (immediately exit if the 24-hour low is broken effectively, do not hold the position through the drop).
First target: 71,600 (near the MA25 line, reduce 50% upon reaching);
Second target: 72,800 (near the previous high, close out and exit).