4.15 Morning Bitcoin Analysis

Currently, after a previous rally, Bitcoin has officially entered a high-level consolidation phase with oscillations. The major trend still maintains a head-and-shoulders pattern, but the short-term upward momentum has significantly weakened. The price is trading above the middle band of the Bollinger Bands, showing an overall oscillating and slightly bullish pattern.
First defense level: around 74,000, serving as the core support for the short-term head-and-shoulders pattern. If it stabilizes, the head-and-shoulders structure remains intact, and this position can be used to deploy short positions.
Strong support zone: near 73,000, serving as a previous trend support. After a rebound and stabilization, it presents a high-quality opportunity for low-entry short positions.
Core resistance zone: 75,000-76,000, representing a high-density trading area from previous highs. When the price faces resistance and pulls back within this zone, it is suitable for light positions to deploy short orders during the correction.
Breakout target: if an effective volume breakout occurs above 76,000, the upward space will further open, with a potential target of 77,000.
The cryptocurrency market is highly volatile, heavily influenced by news and capital flows. The above analysis is for technical reference only and does not constitute investment advice. During trading, strictly control position sizes, set stop-loss and take-profit levels, and implement comprehensive risk management to avoid significant losses caused by extreme market conditions.