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4.13 Morning Big Cake Analysis$BTC $ETH
Affected by international market news, Big Cake started a drop from the 73773 peak, continuously breaking below the mid-lower band. The moving average system is fully aligned in a bearish order. The price moves downward along the lower band, and the bearish trend is clear.
Resistance levels: 71000-71500-72000
Support levels: 70000; if broken, look at the 69000-68000 range
Trading suggestion: Currently, BTC is in a downward trend on the 1-hour timeframe, with a large outflow of funds and bearish forces in the lead. For operations, the main approach is to follow the trend and short. Long positions are only short-term opportunities for an oversold rebound, with strict risk control. Focus on whether the 70000-70500 support zone holds or breaks. If it breaks, follow the trend and look for a bearish move to below 70000; if it stabilizes, you may take a light position to bet on a rebound back to the 71000-71200 range.#Gate上线Pre-IPOs #Gate现货衍生品双双冲进全球前三 #原油小幅上涨 #美伊停火协议谈判再生变故 #Gate广场四月发帖挑战