Crypto Circle Mr. Coin: 4.13 Bitcoin (BTC)) Market Analysis Reference

The main pancake chart shows a daily close with a downward shadow, with the increase basically retraced.
Currently, it has returned to near the previous low support around 70,500, without breaking through, indicating that buying interest at this level still exists.
Looking at the 4-hour chart, a long lower shadow tested the bottom at 70,500 and then quickly rebounded,
The support strength at the 70k integer level is very strong.
The daily line has closed above 71,000 for three consecutive days, forming a high-level oscillation platform.
From the indicators, the 4-hour MACD is entangled near the zero line with an unclear direction;
Although the daily MACD is a golden cross, the red column is shrinking, indicating that upward momentum is weakening.
However, the price is still holding above the EMA30, and the EMA7 is about to cross above the EMA30,
Short-term moving averages show signs of forming a golden cross.
Although recent market reversals are very quick, as long as the 70k level is not broken,
there is always a possibility of continuing upward.
In terms of operation, I still insist on buying on dips, with resistance first focusing on the 72,800 level.
4.13 Bitcoin short-term reference:
In the 72,800-72,800 range,
defend at 75,800, add on dips,
stop loss 500 points,
target below 72,000 at 70,200-69,200 range,
target above 70,800,
stop loss 500 points.
There may be delays in sending,
strategy suggestions are for reference only,
market changes rapidly,
no matter how confident you are in market judgment,
be sure to set take profit and stop loss,
cash out to secure gains.