#BTC Tuesday, April 14th, Bitcoin Market Outlook and Analysis



Bitcoin ranged between 72100–72600 with narrow fluctuations, the structure fell back to the 71457 neckline, then showed strong upward momentum with increased volume, continuously expanding volume, but it’s hard to avoid the US causing trouble and a strong wait-and-see sentiment among bulls and bears. The hourly RSI indicator is between 35–40, leaning towards strength, and the MACD is rising above the zero line. Technical analysis suggests that breaking through the 72000 level convincingly turns it bullish, with previous highs turning into support. Multiple tests did not effectively break below, holding steady → still within the 71457-72000 range, a box consolidation. A decisive break below → 71457 on the hourly chart indicates a phase shift to bearish.

Tuesday, April 14th, Bitcoin trading strategy:
Volume breakdown below 71457, hourly candle closes below and fails to recover
Entry: 70800–71000
Target: 69500 → 69226
Volume stabilizes above 71457, hourly candles close above
Entry: 71400–71600
Target: 72200 → 72800
BTC4,66%
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