Academician of the Coin Circle: On April 13, Bitcoin maintained a fluctuating pattern in the afternoon, mainly low positions supported by high positions, with the latest market analysis in the afternoon.

From the high point of 73773, Bitcoin fell back to 70800, and this short-term adjustment has made many people panic. In fact, this is just a normal accumulation during the rise, not a trend reversal! Don’t be scared by the temporary drop, and especially don’t blindly catch falling knives. Understand this article, clarify the current long-short logic, accurately grasp the upcoming rhythm, whether it is low or high positions, and always be aware, no longer being led by the market!

The two-hour candlestick has retreated from a high level and has entered the fluctuation repair phase. The price has fallen below the EMA15 moving average, and short-term upward momentum is diminishing, but the EMA30 and EMA60 still provide support, and the ascending trend line has not been broken. The MACD indicator's DIF and DEA have formed a dead cross above the zero axis, and the green bars are slightly increasing, indicating short-term adjustment signals. The middle track of the Bollinger Bands near 71700 forms pressure, while the lower track at 69887 constitutes support. Overall, it is still within the ascending channel and has not shown a trend reversal signal.

The fifteen-minute candlestick fluctuates narrowly around 70800, and the Bollinger Bands are contracting, intensifying the long-short game. The moving average system shows a weak arrangement, with the price being suppressed by the EMA15. The MACD indicator is operating below the zero axis, extending the adjustment signals. The current trend belongs to a consolidation after a high-level pullback, with short-term support near 70400 and resistance at 71200. If the EMA15 cannot be quickly reclaimed, there is a high probability of continued downward fluctuation, touching the support at the two-hour level.

Northern Strategy: Stabilize on the pullback in the 70300-70500 range, take a light long position, stop loss at 70000, and target towards 71300-71500; after breaking through, look towards 72000. The probability of success for a low position on the pullback is relatively high.

Southern Strategy: If resistance is encountered in the rebound from 71300-71500, take a light short position, stop loss at 71800, and target towards 70600-70400, entering and exiting quickly without lingering in battle.

Many people panic when they see a drop, either cutting losses and leaving, or catching falling knives, ultimately getting hit from both sides. In fact, this adjustment is just a normal correction in the course of the rise; the trend has not changed, only the rhythm has slowed down. In trading, mindset and discipline are more important than price fluctuations. Don’t be swayed by emotions, execute according to the plan, and you can stabilize the rhythm in the fluctuations to earn your own profits.

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