Coin Wave Surfing: April 12 Bitcoin (BTC) Market Analysis Reference:

Bitcoin quickly retraced this morning, currently trading around 71600, maintaining a weak fluctuation pattern. From the daily chart perspective regarding the Bollinger Bands, the price touched the upper band and retreated, currently positioned between the upper and middle bands, with the short-term EMA moving averages flat, while the medium to long-term EMA30 and EMA120 are still trending upwards. The mid-term upward trend remains intact, but the short-term bullish momentum has significantly diminished; MACD's double lines are running above the zero axis, with decreasing volume bars and gradually weakening bullish momentum; KDJ three lines have turned down after being overbought at a high level, and RSI is simultaneously retreating from the overbought area, confirming the daily level has entered an adjustment phase after being overbought, with strong resistance in the range of 73000-74000 above.

On the 4-hour level, the price has retreated from the high of 73700, with short-term EMAs 7 and 15 turning downward, indicating a weakening short-term trend; the Bollinger Bands are flattening, with prices running below the middle band; the MACD double lines have formed a death cross above the zero axis, with continuously increasing volume bars and releasing bearish momentum; KDJ three lines have quickly plunged into the oversold area, and RSI 1 has dropped to around 33. The short-term bullish momentum has significantly weakened, with certain pressure at the upper Bollinger middle band and key support at 70800 below. Overall, the mid-term upward trend of Bitcoin has not reversed, but the daily overbought adjustment and the short-term bearish transition on the 4-hour level resonate, suggesting that short-term fluctuations may continue to accumulate strength. It is recommended to operate with a strategy of shorting high and going long low. If support stabilizes effectively, there may still be a chance for a second upward attack after the indicators restore.

Coin Wave Surfing: April 12 Bitcoin Short-Term Reference:

Long Position: Go long in the range of 70000-71000, with a stop loss of 500 points, aiming for targets of 71500-72500-73500,

Short Position: Go short in the range of 74500-73500, with a stop loss of 500 points, aiming for targets of 73000-72000,

[The above analysis and strategies are for reference only, please bear the risks yourself. There may be delays in article review and publishing, and strategies may lack timeliness; do not operate blindly.]

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