April 9 Bitcoin Evening Analysis

The 4-hour midline remains unbroken, the bullish structure is still intact; it is in the midline contest zone, short-term oscillation leaning bearish, mainly trading high and low.

✅ Clear evening strategy
✅ Bullish approach
Entry: 70,400–70,650 in batches
Stop loss: below 70,300
Target: 71,000 → 71,500
✅ Bearish approach (only rebound trades)
Entry: 71,200–71,500
Stop loss: above 71,800
Target: 70,800 → 70,500

📈 Technical analysis
Key levels
Resistance: first resistance 71,000–71,300 (7-day moving average); strong resistance 71,800–72,000 (intraday high)
Support: midline ≈ 70,800 (critical); first support 70,500–70,600 (near current price); strong support 70,000 (round number)
Indicator signals
4-hour: MACD shows a death cross but the green bars are short, momentum is weak; price is above the midline, bulls are favored
1-hour/short-term: Bollinger bands narrowing, mainly oscillating; watch for the contest around 71,000 midline

News impact
• Geopolitical: Middle East situation fluctuates, risk aversion cools down, BTC rises then falls back
• Capital: ETF capital inflow slows, profit-taking suppresses gains
• Regulation: U.S. Clarity Act legislation progress is slow, market remains cautious
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