April 13 Morning Bitcoin Analysis

The current market bullish momentum has significantly weakened, and the upward space continues to narrow. A sideways downtrend dominated by bears has been established.
It should be noted that the current position is at a relatively low point in this round of correction, so do not blindly chase short positions. Be alert to the phase rebound brought by institutional support.

• Upper resistance zone: around 72,000-73,000, which is the dense area of trapped positions and trend resistance. If it fails to hold under pressure here, consider gradually opening short positions to bet on the continuation of the decline.

• Lower support zone: at the 70,000 round figure, which is the core psychological and technical support level for this round of correction.
If support holds, seize the oversold rebound opportunity;
If it breaks down effectively, the downtrend will continue further.

Overall, respond with a range-bound strategy, buy low and sell high, strictly control risks, and wait for the trend to clarify.
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