11 April afternoon BTC market analysis

BTC surged in the early session then pulled back, tested bottom at 72570.3 in the afternoon, stabilized and rebounded, currently trading around 72775, short-term momentum is exhausted, entering a consolidation and correction phase. The 15-minute moving averages are still downward, but the short-term moving average is turning up, and the indicator shows a golden cross signal, indicating bulls are attempting to attack. The larger trend remains unchanged, with the afternoon mainly oscillating at low levels, watch for resistance at 73000-73500 and support at 72000.

BTC trading suggestion: go long near 72000-72300, target 73000-73500, risk control below 71800; range around 73800-74200, target 72000-72300, risk control above 74500#原油小幅上涨