4.14 Analysis

From the current technical perspective, Bitcoin is in a short-term state of oscillating slightly stronger but facing significant resistance to upward movement. Combining the 1-hour chart and recent market sentiment, on one hand, the price continues to run along the upper band, indicating that the bulls still intend to maintain their offensive; but on the other hand, the continuous long upper shadow candlestick patterns also visually reflect heavy selling pressure above, with each upward attempt accompanied by profit-taking intentions.

It can be understood that although the market has not given up on attacking, each peak encounter faces strong resistance. In this state, further breakthroughs upward become significantly more difficult, and there is a need to be alert to the possibility of downward correction after high-level oscillation.

Based on a comprehensive judgment of support and resistance levels, the current strong resistance zone above is around 72,600, which is an area of previous high-density peaks and a key barrier where multiple attempts to break higher have failed. The strong support below is focused on the 71,300–71,400 range, which is the lower boundary of the recent oscillation platform; if broken, it could open up a larger downward space.

Trading suggestion: around 73,000 short, target near 71,000. $GT $RAVE