13 April Bitcoin Market Analysis

Current Quote
71,081, 24-hour fluctuation range 70,458 - 72,147, intraday slight decline of 1.48%, overall in a high-level oscillation pattern.

Short-term Support
MA7 (7-day moving average) at 71,030 closely aligns with the current price of 71,081, forming an immediate dynamic support. When the price retraces to this moving average, it quickly rebounds, reflecting short-term bullish momentum.

On the daily chart, Bitcoin has closed above 71,000 for three consecutive days, forming a high-level oscillation platform. After the MACD golden cross, the red histogram has shortened, but no crossover has occurred. The upward momentum has weakened but not fully exhausted; the MACD on the 4-hour chart is entangled near the zero line, with no clear direction. Confirmation of trend continuation requires a volume breakout on the daily or 4-hour chart. Overall, short-term bulls are favored, but the mid-term trend still needs to break through MA99 to confirm a reversal.

Trading Suggestions
Retrace to 70,800-72,000, buy
First target 72,000
Second target 72,300$BTC