4.8 Morning Analysis

Within the 1-hour cycle, the price quickly surged to around the high of 71,724.5. The short-term deviation rate widened significantly, facing the pressure of an overbought pullback. At the same time, after the BOLL upper band at 70,880.5 was rapidly pierced, the price showed a “high-and-failed” resistance signal above the upper band. Short-term bullish momentum is difficult to sustain, and there is a technical need for a correction back down toward the middle band at 68,932.9.

Pay attention to the effectiveness of support in the 69,500-70,000 range. If this range is broken, the price may further fall to around the 68,900 area. The overall short-term structure shows signs of lacking follow-through after the rally, and it is recommended to set up short positions on rallies, with risk control placed above 71,800.

Trading suggestion: 71,900-72,400 short, target 69,900-70,400.$GT $BTC