4.11 Morning Market Analysis

Bitcoin's current Bollinger Bands are all expanding upward together, with the overall channel structure steadily trending higher. The price continues to stay above the middle Bollinger Band, maintaining a bullish pattern, and there are no signs of trend breakdown or weakening in the short term.

Since the recent low near 67,700, the market's lows have been rising and highs continuously refreshed. The complete upward channel remains intact. The medium-term bullish trend has already been clearly established, with the market dominated by a bullish trend throughout, making contrarian short positions highly risky and easily leading to being caught passively.

Currently, the price hovers around 72,900, tightly consolidating near the upper Bollinger Band. Although it appears to face resistance and pressure, this is actually a period of accumulation and shakeout during the bullish rally. After digesting the selling pressure above, a new upward breakout is only a matter of time.

The 71,800 Bollinger middle band is the core strong support zone for this rally. As long as the price does not effectively break below this level, the overall upward structure will not reverse. Any pullback near the middle band is a good opportunity for bulls to buy low in line with the trend, so there's no need to panic over short-term oscillations.

Trading Suggestions
Buy gradually on dips around 72,500-72,800, targeting 73,400-74,000.