$BTC 📊 April 12 latest strategy & analysis

BTC 🌐:
In the short term, there was a rapid pullback from the high at 73773.4. After the morning low probed down to 71259.0, prices consolidated and recovered at lower levels. The current price is around 71660.1. On the 15-minute timeframe, the Bollinger Bands opened widely and then gradually narrowed; the price found support near the lower band and rebounded. However, overall it is still trading below the middle band. The MACD green bars continue to shrink, but DIF and DEA have not formed an effective golden cross to extend the move. Even though bearish momentum is weakening, the rebound strength is insufficient. Trading volume has increased moderately, but with weaker follow-through. In the short term, it shows characteristics of a weak rebound/repair after oversold conditions, and the bears still dominate the market.
📉 Bearish logic:
The 72000-72500 area overhead is a strong intraday resistance zone. If the price rebounds back to this region, it is likely to face double pressure from the middle Bollinger Band at 71767.3 and the MA30 at 72204.7, making it difficult for the rebound to sustain. If the price cannot break through 72500 with sufficient volume, the subsequent trend is highly likely to continue moving downward. Initially, look at the 71000 support level; if it breaks, you can then look at the 70500-70000 range. In extreme conditions, the price could test the key support at 69500.
⚠️ Risk warning:
If the price breaks through 72500 with volume, and the MACD forms a golden cross to continue, while trading volume keeps expanding, the bearish trend may quickly reverse. Be alert for a rebound and push up toward the 73000-73500 range, and strictly set stop-losses to avoid the risk of a trend reversal.
🎯 Main strategy: Slightly bearish
• Short entry zone: 71800-72000
• First target: 71200
• Second target: 70500
• Stop-loss: 72800