BTC April 15th at 10:00 AM, turning point, upward pressure continues to short



Yesterday, BTC tested the previous high again and showed signs of pressure and pullback, with 76,000 still difficult to break through. The first attempt to test the previous high failed to break, resulting in a downward move, indicating strong resistance above.

On the daily chart, overall it is in a oscillating downward trend structure, with recent movements showing a continuous wide-range tug-of-war. The previous high of 76,000 forms obvious strong resistance, and the rebound quickly fell back after touching it. Resistance above is clear. In the short term, on the daily chart, the candlestick shows a long upper shadow, which is surprisingly consistent with the previous high, forming a clear double top pattern. On the hourly chart, a reversal signal appears, with resistance at high levels leading to a downward move. Intraday, a rebound to short is recommended!

On Wednesday morning, it is advised to short BTC at 74,800-75,000, targeting the 72,000-70,000 range.
BTC-0,24%
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