4.12 BitTiger Diary

Did the early April script exceed expectations? Today, $BTC finally showed some decent movement on the charts. Looking back at the daily candles from the past few days is quite interesting—five consecutive days with slightly higher highs. This is a textbook example of a Stop Hunt (liquidity grab). From a technical analysis perspective, it can be seen as a small-scale rising wedge pattern. Objectively speaking, this rebound reaching around 73,700 was indeed a bit beyond the expectations for early April. But luckily, it didn’t hold above the March distribution zone and has returned near the script area, so there’s still a chance. With the first breakdown in U.S.-Iran negotiations, there’s a high probability of more back-and-forth in the future. So, I opened a small test position around 72,626 to verify the strength of this script exceeding early April expectations. Opening logic: 1. Touched the March high distribution zone 2. Yesterday’s daily low was broken 3. Rising wedge pattern broke down 4. Five consecutive days of shorts getting wiped out Just my personal opinion, purely for strategy verification and record-keeping. Don’t copy trades, DYOR