Monday morning Bitcoin outlook on 4.13, bullish trend remains unchanged

In the blink of an eye, a new week begins, a fresh start, wishing everyone good luck!

After a sharp decline yesterday, the market continued to fluctuate at low levels, with Bitcoin slightly rebounding to 714 in the early hours, then falling back to 704. In this small-scale trend, the bears ultimately take the lead, and the bullish supporters who have held firm are also celebrating.

Since last week, after Bitcoin tested the support at 704, it has been gradually rising until early yesterday when it faced resistance at around 737 and pulled back. As the bears increased volume and pushed down, it has now returned to the previous rally point area. The four-hour and hourly charts are resonating downward, showing a clear short-term weakness with signs of further continuation. The key focus for the near term is the 700 support level; a break below would fully open the downside space for the bears, while holding above could allow for short-term long entries.

In the morning, consider short positions around 710, with targets near 700. If broken, look further down to the 680 region.