2026-04-09 23:16:11

4.10 Morning Analysis

Bitcoin surged to 73,146.1 before quickly falling back, with the price breaking below the middle band of the Bollinger Bands and continuing to decline. The Bollinger Bands are opening downward with the upper band providing strong resistance, and the lower band remaining in a downtrend, indicating that short-term bears are in control.

The KD indicator is in the oversold zone with a bearish alignment, and the candlestick remains below the middle band, showing very weak rebound strength. Each attempt at a rally is met with resistance and a retreat, with no effective bullish force to reverse the trend.

Currently, the price is weakly oscillating around 71,929. Although there is a slight rebound, it has not broken through the key resistance level, representing a weak correction within the downtrend. Once the support at 71,800 is broken, the downward space will open further, likely testing lower support levels.

Trading suggestion: 72,300-72,800 🈳, target 70,300-70,800.

BTC2.2%

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