April 14 Bitcoin Analysis

Bitcoin started from the low point of 70,458, with an hourly V-shaped reversal + a series of consecutive bullish candles pushing the price higher, fully releasing the long-side momentum. The price has already broken through the upper band resistance and is in the oversold zone. In the short term, there is a need for a pullback to the upper band to confirm it as support.
The key resistance levels above to watch are 75,000-76,000, which is a strong resistance zone in the trend and a historical psychological level. If the price comes under pressure and falls back, you may open a short position in a small size to game the short-term pullback. If it breaks out with increased volume, it will open up a new round of upward space.

The key support levels below to watch are 73,000-72,000, which is the consolidation platform in the recent uptrend. If the price retraces to this area, holds firm, and rebounds, you can follow the momentum to open long positions.
In terms of execution, strictly follow risk management. Short positions are only for short-term speculation. For long positions, set a moving stop-loss to protect profits while capturing the trend. $BTC $ETH #Gate13周年Dr.Han公开信 #加密市场小幅下跌 #美军封锁霍尔木兹海峡