April 15 Morning Analysis



From the 1-hour Bollinger indicator pattern, after Bitcoin's price surged to a high of 76,009.0, it has broken below the middle band support and is trading below it, indicating the short-term bullish structure has completely failed; at the same time, the upper band forms strong resistance, making it difficult for the price to break through the rebound, with clear bearish pressure characteristics.

During the price decline from the high, continuous bearish candles dominate, and the bullish rebound momentum continues to weaken. Although the lower band provides short-term weak support, the indicator's opening is contracting downward, lacking rebound volume, casting doubt on the effectiveness of the lower band support.

Combining the short-term trend rhythm, the bearish trend of stalling at high levels and then falling has not changed. If the price falls below the lower band later, it will open further downside space.

Trading suggestion: 74,600-75,100, target 72,600-73,100. $BTC
BTC0.02%
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