Coin Ocean Waves: April 11 Bitcoin (BTC) Market Analysis Reference:

The Bitcoin intraday market has entered a consolidation phase. Observing from the short-term hourly chart, the 4-hour Bollinger Bands have shifted from expansion to flat. The price is under pressure at the upper band and has pulled back, with the middle band at 71800 serving as short-term support and the lower band at 70500 as a defensive level; after a MACD golden cross, the two lines have merged, and the histogram has greatly shrunk, indicating weakening bullish momentum. The KDJ three lines are turning down from the overbought zone showing signs of a dead cross, while the RSI has also pulled back, confirming a short-term correction trend. On the 1-hour level, the price is running near the middle band, with the upper band at 73482 creating resistance and the lower band providing immediate support; after the MACD two lines dead crossed, they are diverging downward and expanding continuously, with bearish momentum dominating. The KDJ three lines are at a low position with a negative J value, and initial oversold signals are appearing, while the RSI has synchronized and pulled back to a neutral weak zone, showing that short-term downward pressure still exists. Overall, the 4-hour correction trend is clear, with bearish momentum dominating at the 1-hour level, and a continuation of consolidation and decline is anticipated. Strong pressure is in the 73200-73500 range above, with the first support in the 71800-72000 range, and strong support at the 70500 level. Given that we are now in the weekend phase, operations can look to short high and long low within this range.

Coin Ocean Waves: April 11 Bitcoin Short-Term Reference:

Long Position: Buy in the 70800-71800 range, with a stop loss of 500 points, targeting 72000-73000.

Short Position: Sell in the 74000-73500 range, with a stop loss of 500 points, targeting 73000-72000.

【The above analysis and strategies are for reference only. Risks are borne by yourself. Article review and release may have delays and strategies may not be timely. Do not operate blindly.】

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