#GateSquareAprilPostingChallenge 4.13 Bitcoin Morning Analysis

The market currently shows significantly reduced bullish energy, the upward room continues to narrow, and a sideways downward pattern dominated by bearish trends has formed.
It should be remembered that the current position is at the relative lowest point of this correction wave, do not rush to excessively pursue short positions, be cautious of temporary rebounds caused by institutional support.
• Overhead pressure zone: around 72,000-73,000, an area of trapped position accumulation and trend resistance level, if the pressure here cannot hold, gradually consider short positions to take advantage of the continued decline.
• Support zone below: the round number 70,000, a psychological level and the main technical support of this correction.
If this support holds, the oversold rebound opportunity can be taken;
If broken, the downward trend will continue further.