#BTC April 9th, Fourth Week, Thursday Night Bitcoin Latest Ideas and Analysis

Instead of focusing on ups and downs, it's better to improve your mindset. The market is a mirror; if you're weak, it becomes strong, if you're strong, it becomes weak. With a clear direction, controlled position size, and stable mindset, everything is within your grasp. Looking back, Bitcoin started rising at 71116 in the afternoon, reaching a high of 71571 and hitting resistance, then began to decline, with the lowest point at 71038, currently hovering around 71200. The long positions arranged in the afternoon did not give an entry opportunity; there are also small profits from short positions.

Based on the current market, Bitcoin's current trend is relatively strong, with limited pullback strength, maintaining an overall oscillating and slightly bullish pattern. The price is still within the triangle range, with a quick recovery after a false breakout during trading, forming a clear isolated low below, with effective support. Short-term support is around 70242; although not fully retested, it has been effectively confirmed. On the hourly chart, it continues to stay above the Fibonacci 38.2% level, which remains intact, maintaining a bullish structure; if it effectively breaks below, it will turn weak, with key levels at 50% and 61.8% retracements.
Key resistance is at 71412; after volume breakout, the triangle structure opens up, potentially pushing again toward the previous high. The hourly MACD shows no obvious top divergence; the current upward structure is not yet complete. According to wave measurement 1:1, the target for this rally is around 74896, with a high probability of oscillating upward, requiring patience in holding positions.

Thursday night, April 9th
Bitcoin:
Stand firm above 71276, aiming for 72164-72850
Break below 70678, watch for pullback to 69584-68262