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April 13 BTC Strategy
Currently, the bullish momentum in the market is clearly weakening, and the upward space continues to be compressed, with the market entering a sideways downward phase dominated by bears.
But the current position is already at a relatively low level in this round of correction, so it is not advisable to blindly and aggressively chase short positions, and caution should be taken against a staged rebound caused by main capital support.
- Upper resistance zone: 72,000-73,000
This area gathers a large number of trapped positions from earlier, and is also a key trend resistance level. If a rebound reaches this zone and weakens under pressure, consider gradually opening short positions, expecting a continuation of the decline.
- Support focus: 70,000 integer level
This position is an important psychological and technical support level in this round of adjustment.
If it stabilizes, consider small positions to play the oversold rebound;
If it breaks down effectively, the downward space will further open.
In terms of operation, focus on range-bound trading, with high shorts and low longs, managing positions and risks well, and patiently waiting for the trend to become clearer.