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#今日你看涨还是看跌? V-shaped reversal exceeds expectations! Are we now bullish or bearish? Bitcoin Market Analysis for April 14
Bitcoin's direct V-shaped surge is indeed rare; I initially thought the market would test the 69,500 support (middle band of the daily chart) again before continuing upward, after all, the market's movements are not 100% certain and are based on probabilities.
Unexpectedly, the key indicator of funding rates was overlooked — the funding rate was extremely negative, combined with short squeeze and news catalysts, which directly triggered a strong rally.
Overall, the market still aligns with early-month expectations; the inverted T-shaped pattern after a continuous decline already has a rebound demand, but I didn't expect it to rebound in this way. Those who shorted yesterday mostly suffered heavy losses.
In the short term, there are no bearish signals; I am not considering short positions for now, and the market is likely to continue rising, possibly testing new highs.
Pay close attention to two key levels: the previous high at 76,000 is a point that everyone worldwide is watching. If there's a false breakout, it will likely replicate the previous decline, presenting an excellent shorting opportunity;
If the price can hold above 76,000, the market will shift fully to a bullish trend, with the next key resistance at 78,000.
Trading strategy is simple:
A shallow long position can be taken on a pullback to 73,000;
If 78,000 faces resistance, consider a long-term short with a stop-loss above 73,000;
The probability of a significant drop this month is low, so patience is key—wait for the right opportunity, beware of consensus traps, avoid blindly chasing longs, and do not follow the herd.