4.10 Morning Bitcoin Analysis


Yesterday, Bitcoin bottomed out at 70428, then experienced a V-shaped rebound, reaching a high of 73128, followed by a rapid decline, fluctuating in the 71500-72000 range. During the rebound phase, trading volume was sufficient; during the pullback, volume shrank. The bulls led the market, with limited selling pressure from bears. The forces of bulls and bears are temporarily balanced, awaiting a direction choice.
Support levels below: 71500-70500-70000. If the pullback stabilizes and support is confirmed, consider light positions for long entries.
Resistance levels above: 72000-72600-73200. If attempting to break through resistance but unable to do so, consider light positions for short entries.
Currently, the bulls are leading the market, with a focus on buying on dips. Going short only as an auxiliary strategy. Strictly control position sizes to avoid heavy exposure.
BTC1,51%
ETH2,62%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin