Mr. Coin in the Crypto Circle: April 13 Bitcoin (BTC) Market Analysis Reference

The big coin closed down today, and the increase has basically been reversed, currently returning to the support near the previous low of 70,500, and it has not broken down, indicating that there are still buyers at this position. Looking at the 4-hour chart, after a long lower shadow dipped to 70,500, it rebounded quickly, and the support at the 70,000 round number is very strong. The daily line has closed above 71,000 for three consecutive days, forming a high-level consolidation platform.

From the indicators, the 4-hour MACD is tangled around the zero axis, with an unclear direction; although the daily line has a golden cross, the red bars are shortening, indicating that the upward momentum has weakened. However, the price is still stabilizing near EMA30, and EMA7 is about to cross above EMA30, showing signs of a golden cross in the short-term moving averages. Although the market reversal has been rapid recently, as long as the 70,000 line is not broken, there is always the possibility of an upward continuation. In terms of operation, I still insist on buying on dips as the main strategy, with attention first on the resistance at 72,800 above.

April 13 Bitcoin Short-Term Reference:

In the range of 72,800-72,800, defend at 75,800 with a stop loss of 500 points, target below 72,000

In the range of 70,200-69,200, target above 70,800, stop loss 500

Messages may be delayed, strategy suggestions are for reference only, the market changes rapidly, regardless of how accurate the judgment on the market is, always take profits and stop losses, securing gains is key.

For more real-time strategy daily and online technical learning on how to exit positions, please follow the official account (Mr. Coin Talks Crypto) for addition methods: the first ten daily can receive free strategies for exiting positions.

For more daily real-time strategies, you can follow the official account (Mr. Coin Talks Crypto) for access; online technical learning and how to exit positions are available. I have been studying the market for many years, focusing on the overall trends in the crypto circle. I have studied extensively in the U.S. to analyze and guide BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. For those who are not familiar with operations, you are welcome to join in the research and learning together.

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