April 11th Bitcoin Evening Public Strategy

On the 4-hour timeframe, Bitcoin’s price, after forming a bottom from the 64,918 low, has moved into a structure of range-bound upward movement with the lows continuing to rise. Currently, it is consolidating in the 70,000-73,500 major range. The short-term moving averages are aligned bullishly, the price is holding above the MA30, and the medium-term trend is clearly bullish.

On the weekly timeframe, Bitcoin’s price is still running within an ascending channel. The 70,000 integer level below is a strong support zone. The 73,500-74,000 area above is a weekly resistance level; a breakout would open up new upside space.

Operation suggestion: on a pullback to around 72,600-72,700, place buy orders; target 73,400-74,000

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