4.11 Bitcoin Analysis



Over the weekend, Bitcoin maintained a high-level oscillation pattern, touching the upper band at 7360 on the 1-hour chart before rallying and then pulling back. It has now broken below the midline support at 7244, indicating weakening bullish momentum. The Bollinger Bands are narrowing and flattening, with low enthusiasm for chasing gains, and the weekend trading was light, further increasing the oscillation characteristic. The price is under pressure at the 7300 resistance level, with support seen at the lower band around 7128. Short-term rebounds are weak and likely to continue declining.

In terms of strategy, a cautious approach is recommended: consider entering near the 7300 level, with increasing risk of oscillating downward.

Trading suggestion: buy within 73000-73500, with targets at 71000-71500.
BTC1,4%
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