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Tuesday morning, April 14th, latest Bitcoin outlook: bullish trend with a one-sided upward move, can we still chase intraday?
Woke up to the sky falling; since Bitcoin dipped below 704 support yesterday,
the bulls have been rallying all the way up, rising overnight, currently reaching a high of 749.
The bulls are happy, but the bears are collectively caught off guard, turning into a nightmare.
Continuous surge has led to a short-term structural reversal, with resistance levels repeatedly broken, clearly showing a bullish trend.
On the four-hour chart, three consecutive bullish candles with volume pushed higher, directly recovering the previous decline space,
moving averages and various indicators all aligned bullishly.
Focus on the resistance at 750-760, especially the latter—only a break above this level can fully open up the upside space.
In a strong momentum, follow the trend; this morning’s pullback to around 740-735 is a buy zone,
targeting 750-760. A break above that continues to 780; if not, reverse to short, looking back at 3,000 points.