Wave Riding in the Coin Sea: April 13 Bitcoin (BTC) Market Analysis Reference:

Bitcoin is continuing its weak fluctuations at the 4-hour level, with the Bollinger Bands opening downward and both the middle and lower bands diverging. The price is under pressure below the middle band and is close to the lower band, with short-term support at the lower band facing a test; the EMA moving averages display a short-term bearish layout and a long-term bullish structure, with short-term moving averages turning downwards to create pressure, and the price operating below the short-term moving averages. However, the mid-term EMA120 remains upward, implying that the mid-term bullish trend is not completely destroyed. In terms of indicators, the MACD double lines continue to diverge downward, with DIF touching the zero axis and the histogram slightly decreasing in volume, indicating that short-term bearish momentum is weakening; the KDJ three lines simultaneously descend into the oversold zone, with the J-value turning upwards, suggesting a potential for a rebound from oversold conditions, but there are no turning signals from the K and D lines, and rebound momentum has yet to appear; all three RSI lines are below 50 in a weak zone, with only RSI3 close to neutral, showing a significant overall bearish characteristic, currently in a correction stage within an upward trend, with short-term bearish dominance and mid-term bullishness unbroken, the first support level below at the integer point of 70000, and strong support within the range of 69500-69000; the first resistance level above at 72000 (Bollinger Bands middle band).

At the 1-hour level, the price is in a weak fluctuation phase following a stage correction, with the Bollinger Bands contracting and tilting downwards. The latest price operates below the middle band and is close to the lower band, with weak support at the lower band; the EMA moving averages are in a bearish arrangement, with short-term moving averages sequentially diverging downwards and fully suppressing the price, only EMA120 remaining upward, continuing the entangled structure of "short-term bearish, long-term bullish." In terms of indicators, the MACD double lines are still operating below the zero axis, and the KDJ indicator three lines have descended to a low range, showing low-level stagnation but without definite turning points for a bullish crossover, indicating insufficient rebound momentum; all RSI indicators are below 50 in a weak area, lacking strong reversal signals, with obvious short-term weakness and an unbroken mid-term bullish structure. There is a high probability of continuing weak fluctuations testing support, and if stability is achieved, it could lead to technical recovery, but the rebound height is limited, necessitating caution regarding the risk of falling again under the pressure level, and effective risk management should be implemented.

Wave Riding in the Coin Sea: April 13 Bitcoin Short-Term Reference:

Long Position: Buy in the range of 69500-70500, stop loss 500 points, target look at 71000-72000,

Short Position: Sell in the range of 73500-72500, stop loss 500 points, target look at 72000-71000,

[The above analysis and strategy are for reference only, risks are to be borne by yourself. The article may have delays in review and publication, making strategies not timely, do not operate blindly]

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