April 11th Bitcoin Market Analysis

MA7 (2,238), MA25 (2,230) moving averages, with prices closely following the moving averages, showing support on pullbacks, are the core defensive positions for long positions;
Volume increases on upward moves, decreases on pullbacks, indicating strong capital support, with a 24-hour trading volume of 7.86B yuan, high capital attention, providing momentum for the rise;
Currently, the oscillation volume is shrinking, indicating rapid release of selling pressure, with no panic selling caused by volume-driven declines, and the pullback is a healthy adjustment.
MA7, MA25, and MA99 moving averages are in a perfect bullish arrangement with divergence upward, with prices firmly above all moving averages, and MA99 (2,194.77) serving as a medium-term strong support. As long as it is not effectively broken, the upward trend remains intact. Going long is a trend-following operation, with a much higher win rate than shorting.
Trading suggestions:
First target 2270
Second target 2300