Friday morning's latest thoughts on April 10th



Waking up to nothing but frustration, since last night after Bitcoin broke through 720, the bulls have been excited. After a brief minor pullback, Bitcoin continued to rise. After reaching around 731, it faced resistance and quickly fell back, currently oscillating around 717.

In the four-hour chart, Bitcoin is supported by the midline of the Bollinger Bands and is rising strongly. After breaking above the upper band, it experienced a brief correction and then resumed its upward move. The price also broke through the 730 level in one go, showing strong bullish momentum in the short term. The pullback is limited for now, so the focus for the day is on a rebound. After testing the resistance again, a short position can be taken.

Consider buying in batches around 715 and 710, with a target of 730. If broken, look for a move toward 740-750. If not broken, switch to a short position.
BTC1.33%
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