4.15 Morning Bitcoin Analysis

Currently, after a previous rally, Bitcoin has officially entered a high-level consolidation and tightening cycle. The major trend still maintains a head-and-shoulders structure, but the short-term upside momentum is clearly weakening. The price is trading above the middle band of the Bollinger Bands, showing an overall pattern of consolidation with a slight bullish bias.
First defense level: 74,000 line, the core support for the short-term head-and-shoulders structure. If it stabilizes, the head-and-shoulders structure will be complete, and you can rely on this level to arrange head-and-shoulders “long” positions;
Strong support zone: around 73,000, which is the previous trend support. After a pullback and stabilization, it becomes a high-quality window for buying the dip “long” positions.
Core resistance zone: 75,000-76,000, the area of dense trading around the previous high. When the price meets resistance and falls back in this zone, you can take a light position to arrange 🈳-thin “sell/adjustment” for a pullback;
Breakout target: if there is an effective, high-volume breakout above the previous high at 76,000, the upward space will open further, and you can look up to around 77,000.
The encrypted market’s volatility is extremely intense, and the price action is heavily affected by news and liquidity/capital flow conditions. The above analysis is for technical reference only and does not constitute investment advice. During trading, please strictly control your position sizing, set stop-loss and take-profit levels, do a comprehensive risk management, and avoid large losses caused by extreme market conditions. $BTC $ETH #WCTC交易赛瓜分800万USDT #Gate13周年 #加密市场回升 #美军封锁霍尔木兹海峡