#GateSquareAprilPostingChallenge 4.13 Morning Bitcoin Analysis

The market currently shows significantly reduced bullish energy, the room for upward movement continues to narrow, and a downward sideways pattern dominated by bearish trends has formed.
Remember that the current position is at the relative lowest point of this correction wave, do not rush to excessively pursue short positions, and be cautious of temporary rebounds caused by institutional support.

• Overhead resistance zone: around 72,000-73,000, an area of trapped position accumulation and trend resistance level, if the pressure here cannot hold, it may gradually lead to short positions to capitalize on the continued decline.

• Support zone below: the round number 70,000, a psychological level and main technical support of this correction.
If this support holds, oversold rebound opportunities can be taken;
If broken, the downtrend will continue further.