Market Overview (April 11)

The current Bitcoin BTC price is approximately 72,975 USDT. It is clearly visible from the chart that since the rebound from the low around 65,700, the overall structure has maintained a strong bullish trend. After a continuous rise, the market has entered a high-level consolidation phase, with bullish momentum slowing down but the structure still intact.

Yesterday’s high touched 73,434, and currently, it is consolidating around 73,000 to digest profit-taking orders, a typical flag pattern consolidation after an upward move.

In the short term:

• 73,400: Short-term strong resistance
• 72,000: Short-term support
• 71,200: Key bullish defense level

As long as it does not fall below 71,000 area structure level, the overall trend remains mainly a pullback to buy.

Two, Daily Chart Level Analysis (Trend Level)

From the daily chart structure:

1️⃣ Trend Structure

BTC daily chart has formed a clear staircase upward structure.

The structure is as follows:

65,700 → 69,000 → 68,000 → 72,000 → 71,000 → 73,400

This is a typical bullish trend with higher lows and higher highs.

Daily chart features:

• Increasing size of bullish candles
• Decreasing retracement amplitude
• Upward momentum clearly stronger than downward

Indicating that funds are continuously flowing in, and bulls are in control.

2️⃣ Daily Technical Signals

Current daily performance:

• Price is above 72,000
• Moving averages are bullishly aligned
• High levels show sideways accumulation

This pattern usually has two possible directions:

① High-level consolidation → Breakout to new highs

Target:

73,500 – 74,500 – 76,000

② Fake breakout → Pullback to daily support

Pullback target:

71,500 – 70,500

But the current structure leans more towards the first: continuation of upward movement.

Three, Four-Hour Level Analysis (Main Trading Cycle)

The 4-hour chart is the most critical cycle right now.

1️⃣ Structural Judgment

The 4-hour shows upward movement followed by a box consolidation.

Box range:

Resistance: 73,400 Support: 71,800

Currently, the market is operating near the upper boundary of the range.

Trend structure:

Rapid rise → Sideways → Choosing direction again

This is a typical bullish continuation pattern.

If it breaks through 73,400

The space above will open:

74,000 – 74,800 – 76,000

2️⃣ Bullish and Bearish Momentum

From the candlestick performance:

Bullish features:

• Small-bodied decline candles
• Strong breakout of bullish candles
• Rapid support on dips by buying

Indicates:

Institutional funds are still accumulating, not distributing.

Four, One-Hour Level Analysis (Short-term Trading)

The 1-hour chart has entered a high-level converging triangle.

Structure:

High points gradually decreasing, low points gradually increasing

Forming:

Oscillating convergence → Waiting for direction choice

Key levels:

Breakout level: 73,450 Support level: 72,150 Defense level: 71,800

Short-term funds are waiting for a breakout signal.

If volume breaks above 73,450

It will quickly surge to:

74,000 – 74,500

If it falls below 72,150

It will retest:

71,800 – 71,200

Five, Main Force Behavior Interpretation

From the entire candlestick structure:

Main force behavior is very obvious:

First phase: Shakeout

68,000 → 65,700

Panic selling to clear leverage.

Second phase: Rapid rally

65,700 → 73,000

Strong accumulation and upward push.

Third phase: High-level consolidation

72,000 — 73,400

Sideways digestion of profit-taking orders.

This belongs to a typical bull market rally rhythm.

Six, Today’s Trading Strategy (April 11)

Conservative Long Strategy

Pullback to buy:

72,200 – 72,400 Long entry, stop-loss: 71,800 Target: 73,500 – 74,200

Breakout Chase Long Strategy

If it breaks:

73,450

Can chase long:

73,500 – 73,600, stop-loss: 72,950 Target: 74,200 – 75,000

Short-term Short Strategy (Only for Experts)

If it hits resistance:

73,500 – 73,800

Can short:

Target: 72,500

Stop-loss:

74,100

(Contrarian trades should be light position size)

Seven, Key Position Summary

Bullish Defense

71,800 – 71,200 – 70,500

Bullish Breakthrough

73,400 – 74,000 – 75,000

Eight, Market Conclusion

Currently, BTC’s overall structure remains:

Strong bullish trend + high-level consolidation and accumulation

Short-term trend likely:

Oscillation → Breakout → New high

As long as it does not fall below 71,000

BTC is still in a bullish continuation phase.

The next explosive point may be in the:

74,000 – 76,000 range.