April 9 Morning BTC Market Analysis

BTC experienced a rapid decline at the start of the session, then entered a weak consolidation and correction phase. The price faced resistance below the short-term moving averages, with bullish momentum remaining insufficient, dominated by the bears. On the 15-minute chart, BTC showed a death cross signal with MA7 crossing below MA30, the Bollinger Bands opened downward, and trading volume increased as prices declined. The MACD green histogram continued to expand, while RSI, after entering the oversold zone, rebounded slightly, indicating limited short-term rebound strength. The short-term bearish trend has not been fully reversed, and the morning trend leans towards sideways downward movement. Attention should be paid to the support levels below and the risk of a second decline.

BTC Trading Suggestions: Light positions around 70,300-70,800 to try long, target 71,500-72,000, with risk control below 70,000; staggered long positions around 71,500-72,000, target 70,000-70,500, with risk control above 72,300. #加密市场回升