【April 12, 2026 Evening】

Short-term trend: Slightly bearish with oscillations, beware of a second bottom test
1. Currently, the market is in a "recovery phase after a sharp decline," but the recovery is very weak.
Bearish logic: Heavy selling pressure casts a shadow, with many trapped positions above. Weak rebounds indicate insufficient buying willingness. If the price cannot strongly recover the $72,000 level within the next 4 hours, it is very likely to test the previous low of $71,259 again, or even further decline.
Key levels: Resistance above is in the $72,200-$72,500 range; support below is at the $71,259 level shown in the chart.
2. Volatility warning
Recent option expirations and ETF capital outflows have changed the market’s defensive structure. The market lacks effective buffers, meaning any small selling pressure could trigger sharp price swings. In the next 24 hours, the market may experience "disorderly oscillations," with frequent pin-pricks up and down, making high-leverage liquidations more likely.
3. Trading suggestions
Spot holders: If your cost basis is low, it’s advisable to wait and see, focusing on the support strength at the $71,000 level.
Futures traders: The current trend is downward but at a low level, with high risk of chasing shorts (easily reversed by pin-pricks), and going long is akin to "catching a falling knife." It’s recommended to wait for a clear bottom pattern (such as a double bottom or bullish divergence) before entering, or wait for a rebound to resistance levels and attempt shorting after resistance holds. #Gate广场四月发帖挑战