$BTC 4 On April 8, the Bitcoin trend in the morning was strong. Influenced by the news of the ceasefire between the US and Iran, the price surged sharply, once breaking through $72,500, with a 24-hour increase of over 5%. During this period, over 120,000 people were liquidated, and the amount of forced liquidation for short positions reached $431 million. However, shortly after, $BTC
encountered strong resistance near 72K and fell back, forming a small bearish candle on the daily chart. Short-term moving averages diverging upward provide support, but the price is still pressured by the upper bound of the medium-term downward channel. The overall rebound may be a correction from an oversold condition, and the medium-term downtrend has not yet changed.
encountered strong resistance near 72K and fell back, forming a small bearish candle on the daily chart. Short-term moving averages diverging upward provide support, but the price is still pressured by the upper bound of the medium-term downward channel. The overall rebound may be a correction from an oversold condition, and the medium-term downtrend has not yet changed.
