Academician of the Coin Circle: On April 12, the mid-track support for Bitcoin is solid. If the key support holds, we still look upwards! Latest market analysis and reference suggestions explained

The current price of Bitcoin is 73,000. The market for Bitcoin in the past few days can be summed up in one sentence: after a period of consolidation, it has finally shown signs of rising. Since falling to a low of 59,800 at the beginning of the year, the price has been slowly climbing up. Now it is stuck around 73,000, neither going up nor down, which feels a bit frustrating, but overall it has shaken off the panic of a unilateral downward trend. Market sentiment is also less anxious; although we have not yet welcomed a surge, the upward momentum is gradually regaining its strength. Now we just need to see if this consolidation platform can stabilize and lay the groundwork for subsequent movements.

The daily K-line has already risen above the EMA15 and EMA30 moving averages, and the short-term moving averages have a tendency to turn upwards, forming a preliminary configuration for the upward trend. The MACD indicator shows that the red bars continue to expand, and the DIF and DEA maintain a golden cross state, indicating that the upward momentum is still being released. The mid-track of the Bollinger Bands provides support around 69,137, and the price is currently running above the mid-track, with upper track resistance near 73,693. If it can break through with increased volume in the short term, it is expected to open up further upward space.

The price fluctuates around 73,015 in the four-hour chart, having stabilized above the EMA15, EMA30, and EMA60 moving averages, forming a clear short-term upward trend. Although the red bars of the MACD indicator have shortened, the DIF and DEA are still operating above the zero line, and the upward trend has not been broken. The Bollinger Bands channel continues to rise, with the price running close to the upper track, and mid-track support below is around 72,034. As long as this support is not broken in the short term, the rhythm of upward consolidation will not be disrupted, and the structure of small cycles remains healthy.

Short-term strategy reference: Follow the trend of the larger cycle, with small stop losses and quick entries and exits

For upward movement from 72,200 to 72,700, stop loss at 71,800, target looking at 73,800 to 74,500, and if broken, looking at 75,000

If encountering resistance from 73,800 to 74,000, lightly short south, stop loss at 74,500, target looking at 72,500 to 71,800 (currently, due to strong northward movement, do not take south positions)

The coin circle has always been about the foresighted ones eating meat, the latecomers drinking soup, and the unaware ones taking over.

Specific operations should focus on real-time market data. For more details, you can consult the author. There may be delays in the publication of articles; suggestions for reference only, risks to be borne by oneself.

Kind reminder: The above content is solely created by the author of the public account. Advertisements at the end of the article and in the comment section have nothing to do with the author. Please distinguish carefully, and thank you for reading.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。