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Crypto Circle Academician: On April 13, the mid-level support for Bitcoin remains solid; if the key support holds, we still look towards upward movement! Latest market analysis and reference suggestions.

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币圈院士
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3 hours ago
AI summarizes in 5 seconds.

  Crypto Circle Academician: On April 13, the mid-track support for Bitcoin remains solid; if the key support holds, we still look for an upward trend! Latest market analysis and reference suggestions.

  

  The current price of Bitcoin is 71,000. After playing in the crypto market for a long time, one understands that most losses come from not being able to see the trend clearly. When the daily line looks like it’s going to rise and one jumps in on a short-term chase, they get trapped; thinking it's a bottom and jumping in can lead to a drop of 20%. Today we will directly discuss the market trend, clarifying the current support and resistance, as well as the bullish and bearish signals for you. No pointless talk, just solid information. After reading, you will know whether to hold, reduce positions, or wait, without having to guess wildly based on news!

  

  The daily K-line is supported by the EMA15 level at 70,295, with the upper EMA30 at 69,897 and EMA60 at 71,465 forming short-term resistance. The moving averages show a converging state after a downward arrangement. The daily MACD continues its golden cross, with the red bars maintaining an increase in volume, indicating a weakening of downward momentum, while a northern rebound begins. However, the volume has not reached a trend level, making the continuity of the rebound questionable. The middle track of the BOLL band around 69,148 provides strong support, while the upper track at 73,721 poses clear resistance. The price is in a weak rebound phase after a decline and shows no reversal signal.

  

  The four-hour K-line operates below the EMA15 level at 71,883, with short-term upward momentum weakening and the moving average system flattening out, indicating that the oscillating pattern has not been broken. The MACD has turned downward above the zero axis, with green bars starting to appear, indicating a short-term need for a pullback. The Bollinger Bands are continuously narrowing, with prices oscillating in a narrow range of 70,730 to 73,698, and the trading volume gradually diminishing, suggesting an increasing market divergence. Both bulls and bears have not initiated an effective attack, with a high probability for a subsequent breakout with increased volume to choose a direction; current caution for pullback risks is advised.

  

  Short-term strategy reference: follow the larger cycle trend, with small stop losses for quick entry and exit.

  

  Going long from 70,700 to 70,200, stop loss at 69,700, with targets looking at 72,500 to 73,000, and breaking out targets of 73,500.

  

  Going short from 73,300 to 73,600 with light positions, stop loss at 74,200, with targets looking at 72,500 to 71,800, and breaking out targets of 71,000.

  

  In the crypto market, those who are quick to sense things earn, while those who catch on late only drink soup, and those who are unaware simply take on the burden.

  

  Specific operations should prioritize real-time market data; for more information, you can consult the author. There may be delays in article publication, and suggestions are for reference only; risks are to be borne by the user.


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