Mr. Coin in the Crypto Circle: April 9 Bitcoin (BTC) Market Analysis Reference

Yesterday, Bitcoin continued to rise, reaching a high near the 72858 position before facing downward pressure. In the evening, although it retested around 70600 and attempted to attack again, unfortunately, it did not stabilize above 72000, and the market has entered a pullback and high-level consolidation. As of today, the price is in a wide fluctuation rhythm, currently maintaining a position above 70,000. The bullish sentiment is strong throughout the day, with a long upper shadow appearing on the 4-hour chart (72857 to 70707), indicating selling pressure above 72000. The daily line has formed a hammer line with long lower shadows for 3 consecutive days, and strong support is formed around 68000. MACD: The 4-hour DIF (951) crosses below the DEA (805), and a dead cross appears on the daily level, but the histogram is contracting. EMA: The price has fallen below the 7-day moving average (70967), and the 30-day moving average (69385) constitutes dynamic support.

Currently, although the upward force is not strong, the market maintains high-level consolidation, with the trend in a state of turbulent accumulation, and support is slowly moving up. As long as the intraday pullback does not fall below the 69000 line, it is highly probable that the market will continue to rise. In the short-term hourly chart, the Bollinger Bands are contracting, and the market is running above the middle track, with both bulls and bears locked in a stalemate. The current market is leaning towards fluctuation, and it is expected that there will not be significant changes in the short-term daily pattern. Everyone should maintain high purchases and low sales. The upper resistance to watch is around 73000, while the lower support is successively at 70000-69000.

April 9 Bitcoin Short-term Reference:

Buy in the 72500-73000 range, defense at 75500, stop loss 500 points, target below 71500

Sell in the 69200-70200 range, target above 71000, stop loss 500

Sending messages has delays, strategy suggestions are for reference only. The market changes rapidly, regardless of how confident you are in market judgments, always have stop-loss and take-profit measures. Secure your profits.

 For more daily real-time trading strategies, online technical learning, and advice on how to exit positions, you can follow the mentor's public account (Mr. Coin Talks About Coins) for access: The first ten applicants every day can receive free strategies for exiting positions.

For more daily real-time trades, you can follow the public account (Mr. Coin Talks About Coins) for access. Online market technical learning, exit strategies, etc. I have researched the market for many years, studying major trends in the crypto circle, and have studied extensively in the US, focusing on analysis and guidance for BTC, ETH, DOT, LTC, FIL, EOS, BCH, ETC, and other coins. Friends who are not familiar with trading are welcome to study and learn together.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。