Wednesday Morning BTC Brief

At 1 a.m., a strong surge pushed prices sharply to over 72,700, igniting bullish sentiment. Short-term trapped funds were briefly relieved, but the rapid upward momentum has clearly slowed. Currently, the market is in a high-level consolidation with a four-hour structure relying on the middle band for support. Although the short-term trend remains relatively strong, blindly chasing longs at high levels is not advisable.
Trading Strategy
Focus on a primarily short-then-long approach during the day, emphasizing direction.
Short Position Plan
Attempt short positions in the 72,000-73,000 range, with targets first at 71,000-70,000.
Long Position Plan
If the price retraces to the 70,000-71,000 zone and stabilizes, consider reversing to long positions to follow the next upward wave.
Key Reminders
Resistance above 73,000 still exists. Prioritize avoiding breakouts and watch for technical pullback levels based on real-time market conditions. Strict stop-loss and position control are essential.
$BTC #Gate广场四月发帖挑战