April 11 Bitcoin Analysis


Bitcoin price continues to stay above the middle band, with the middle and lower bands diverging upward simultaneously. On the four-hour chart, the bullish trend is clear, and the overall outlook remains bullish.
Support levels: 72,500-72,000. If the price retraces to this range and stabilizes, consider light long positions.
Resistance level: 73,500. If the price surges without volume, beware of a false breakout and a pullback.
Trading suggestion: Break above 73,500 with volume to add positions targeting 74,500; if the price effectively falls below 72,000, reduce positions to avoid a pullback. $BTC $ETH #Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨
BTC1.63%
ETH2.32%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin