Sunday, April 12th Bitcoin Analysis

The current trend has completed a shift from strong to weak structure, and the bearish-led downward trend remains established. It is not advisable to blindly buy the dip on the left side in the short term, and caution should be exercised regarding secondary volatility triggered by macro news.

• Resistance zone above: Focus on around 72,000-72,500, which is the lower boundary of the previous consolidation center and the resistance level after the sharp decline and rebound. If this area remains under pressure and volume cannot effectively break through, consider short positions to bet on the continuation of the downtrend.

• Support zone below: Focus on around 71,000-70,500, which is the key defensive zone for this round of flash crashes. If effective support is found in this range and signs of stabilization appear, consider long positions;
If this zone is effectively broken downward, the downtrend will further open, and strategies should be adjusted accordingly.

Continuous monitoring of macro news, geopolitical developments, and market sentiment changes is necessary, remaining alert to extreme market movements triggered by unexpected news. Strictly implement position management and stop-loss discipline, and respect market volatility.
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