4.17 Morning Bitcoin Analysis

Current Bitcoin price is trading above the middle band of the Bollinger Bands. In the short term, price action remains choppy but slightly bullish, and the bulls-versus-bears battle is at a critical point. Prices still have bullish momentum to the upside, and there is also clear support to the downside. Overall, you should mainly trade within the range, and it is not advisable to blindly chase pumps or sell recklessly.
Upper resistance zone: 75000 - 75500
This range overlaps with the upper Bollinger Band and the intraday high. In the short term, the probability of hitting resistance here is relatively high. You may consider using a small position to lightly bet on a pullback, but strictly set a stop-loss.
Lower support zone: 74000 - 73000
The middle band and the prior lows together form a strong support zone. As long as the “head” structure has not been broken, when the price retests the support zone and stabilizes, you can lightly follow up on the “哆” orders. Prefer building positions in batches and control risk.
In short-term trading, be sure to strictly control your position size, set your stop-losses, and avoid unnecessary losses caused by volatility in the news cycle. In a ranging market, patience matters more than aggressiveness. Don’t be greedy for more, and don’t stay locked in the fight—focus on timing and keeping the right pace. $BTC $ETH #GatePreIPOs首发SpaceX #Gate13周年现场直击 #美伊局势和谈与增兵博弈