$BTC Crypto Circle Academician: On 4.12, Bitcoin's mid-line support remains solid, key support not broken, still looking upward! Latest market analysis and reference suggestions explained

Bitcoin's current price is 73,000. In the past two days, Bitcoin's market can be summarized in one sentence: after shaking out and bottoming, it finally shows signs of rising. Since dropping to a low of 59,800 at the beginning of the year, the price has been gradually climbing. Now it’s stuck around 73,000, neither up nor down, which can be a bit frustrating, but overall, the panic of a one-sided decline has been alleviated. Market sentiment is also less panicked; although we haven't seen explosive rallies yet, the bulls are gradually regaining confidence. Now, it depends on whether this consolidation platform can hold steady and pave the way for future movements.

The daily K-line has already broken above the EMA15 and EMA30 moving averages, and the short-term moving averages are showing an upward turn, forming an initial bullish arrangement. The MACD indicator shows the red histogram continues to expand, with DIF and DEA maintaining a golden cross, indicating ongoing bullish momentum. The middle band of the Bollinger Bands around 69,137 provides support, with the current price operating above the middle band. The upper band resistance is near 73,693. If a volume breakout occurs in the short term, further upward space may open.

The four-hour price is oscillating around 73,015, having already stabilized above the EMA15, EMA30, and EMA60 moving averages, forming a clear short-term bullish trend. Although the red MACD histogram has shortened, DIF and DEA are still above the zero line, so the bullish trend remains intact. The Bollinger Bands channel continues upward, with the price running near the upper band. Support at the middle band is around 72,034. As long as it doesn't break below this support in the short term, the oscillating upward rhythm won't be disrupted, and the short-term bullish structure remains healthy.

Short-term strategy reference: Follow the macro trend, small stop-loss, quick entry and exit

Support at 72,200 to 72,700, stop-loss at 71,800, target at 73,800 to 74,500, and break above to look for 75,000

Resistance at 73,800 to 74,000 with light positions heading south, stop-loss at 74,500, target at 72,500 to 71,800 (currently strong northbound, avoid southbound trades)

The crypto world has always been about the early birds eating the meat, the latecomers drinking the soup, and the unaware taking the bait.

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