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4.11 Evening Bitcoin and Altcoin Analysis
Bitcoin surged this morning to the 73,450 area, then remained under persistent selling pressure and pulled back. In the afternoon, it successively broke below the 73,000 and 72,800 thresholds, and it is currently consolidating around the 72,600 area. On the hourly timeframe, it shows characteristics of lower highs and weak rebounds. If support at 72,600 is lost, it may further test the 72,200-72,000 region. There is a higher probability that the daily candle closes bearish. For the short term, the outlook shifts to a sideways-to-slightly-bearish bias, but the previous key area around 71,800 is still a critical line dividing bulls and bears.
Bitcoin Trading Suggestions
Entry Zone: Light long positions around 72,200-72,400, targeting 73,000-73,500
Altcoin Trading Suggestions
Entry Zone: Light long positions around 2225-2235, targeting 2240-2265
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