April 11 Afternoon BTC Market Analysis



BTC surged early in the morning then pulled back, tested the bottom at 72570.3 in the afternoon, stabilized, and rebounded. Currently trading around 72775, short-term momentum is exhausted, entering a phase of oscillation and correction. The 15-minute moving averages are still downward, but the short-term averages are turning up, and the indicators show a golden cross signal, with bulls attempting to push higher. The larger trend remains unchanged; the afternoon will mainly see low-level oscillation, with resistance at 73000-73500 and support at 72000.

BTC Trading Suggestions: Go long near 72000-72300, targeting 73000-73500, with a stop below 71800; range-bound around 73800-74200, targeting 72000-72300, with a stop above 74500.
BTC1,34%
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