$BTC 4/14 Bitcoin midday analysis:

1-hour timeframe shows a classic bearish divergence (price hits a new high of 74,900, but MACD histogram does not reach a new high), accompanied by a death cross expectation. Short-term no longer chasing longs.
✅ High short (main strategy: 1-hour death cross to avoid risk)
• Entry 1 (trend-following short): around 74,500
Logic: Use the 1-hour death cross signal to short directly, aiming for a pullback.
Stop loss: above 74,900 (must stay above 74,900 new high to prove the death cross is a false signal).
Target: 73,500 (1-hour midline) → 73,000 (previously dense trading area)
• Entry 2 (rebound short): 73,800 - 74,000
Logic: If the rebound is weak, continue to look for a decline.
Stop loss: above 74,200.
Target: 73,000 → 72,500
✅ Low long (auxiliary strategy: oversold dip buying)
• Entry 1 (extreme support catch the falling knife): 73,000 - 73,200 zone
Logic: This is the strong support at the middle band of the 1-hour Bollinger Bands, also the lifeline of the bullish trend. If it stabilizes after a pullback, consider reversing to long.
Stop loss: below 72,800 (a break below this level would break the 1-hour trend).
Target: 73,800 → 74,200

Technical logic:
1. MACD bearish divergence:
Price surged to 74,900, creating a new high, but the corresponding MACD histogram height is significantly smaller than the previous rally.
This indicates that the buying momentum cannot keep up with the price increase, showing signs of weakening bulls, a typical false breakout top signal, suggesting a short-term pullback.
2. RSI turning at high levels:
The 1-hour RSI quickly dropped from 76.8 in overbought territory, though not dead, momentum is exhausted. Coupled with the MACD death cross, downside momentum is strong.
3. Volume confirmation:
When reaching 74,900, volume did not increase but decreased, indicating funds are taking the opportunity to offload, not continuing to chase higher.