4.17 BTC Afternoon Market Analysis



Logical Support

- Technical: A break below the 4-hour support zone of 73000-74000, with bears in control; RSI moving downward, MACD death cross with expanding volume, indicating sufficient pullback momentum.

- Structural: 71500-72000 is strong support for the day; if it breaks, the move will accelerate toward 70500-70000; resistance overhead at 73000-73500, with rebounds lacking strength.

- Capital: ETF inflows slowing, futures positioning leaning bearish, and notable sell-off pressure at high levels.

Trend Assessment

In the short term, it’s a bearish sideways-to-downward oscillation, and 71500 is the key pivot between bulls and bears

- Hold 71500 → weak consolidation, short on rallies

- Break below 71500 → one-way accelerated decline, watch 70500-70000

Practical Targets

- Short positions (preferred)

- Entry: 72500-73000

- Target: 71500 → 70800 → 70200

- Long positions

- Entry: 71000-71300

- Target: 72000-72300
$BTC #Gate13周年现场直击 #kalshi与内华达州的监管权争议 #美股创下历史新高
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