4.13 Evening Bitcoin and Altcoin Analysis



Bitcoin overall showed a volatile downward trend yesterday, rebounding to around 71,423 in the morning before facing resistance and dropping back. In the afternoon, the price briefly dipped to around 70,458. Currently, it is consolidating in a narrow range around the 70,600 area. The hourly moving averages are arranged bearishly, but the 71,800-72,200 zone was a previous bull-bear flip area. The current price has moved into the lower edge of the earlier dense trading zone, and support is appearing around 70,450 with a lower shadow. There is a technical rebound demand in the short term. Aggressive traders can use this support to play for a rebound.

Bitcoin Trading Suggestions
Entry Range: Near 70,000-70,300, take a small position and place orders to “squeeze/lean” for a rebound; target 71,500-72,000

Altcoin Trading Suggestions
Entry Range: Near 2,160-2,175, take a small position and place orders to “squeeze/lean” for a rebound; target 2,200-2,220
$BTC $ETH $SOL #Gate13周年Dr.Han公开信 #美军封锁霍尔木兹海峡
BTC1.45%
ETH1.05%
SOL1.18%
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