4.11, Morning Bitcoin Analysis

On April 11, Bitcoin surged to 73,450, hit resistance and fell back. In the short term, prices have been moving downward in consecutive red candles and are weakening. The price broke below the support of the 7/30 double moving averages, and the short-term trend has shifted to a choppy downward move.
Current price is close to the Bollinger lower band at 72,750, which provides strong support. The middle band at 73,040 has become the key resistance above.
On the larger timeframe, the upward structure has not been broken. This round is a pullback at high levels rather than a trend reversal.
71,500-72,000, target 73,100-74,000
Stabilize and rebound on low buy orders; if it breaks, follow the trend. For the rebound, when it meets resistance at high levels, short at high points 即#BTC #ETH