$BTC 4/8 Bitcoin Morning Analysis

Main Direction: The medium-term bullish trend remains unchanged, short-term 15-minute overbought conditions are pulling back, primarily rebounding to sell high, with dips used for low buying as a secondary strategy.
✅ High-level (normal correction)
• Entry: 72000–72300 in batches (15-minute Bollinger Band upper band resistance + intraday high-pressure zone, bearish divergence for shorting again)
• Target: 71000–70800 (15-minute / 1-hour Bollinger Band middle support + breakout retest confirmation zone), break below to 70300
• Stop-loss: 72700 (break above intraday high, correction structure invalidated, strict stop-loss)
✅ Low-level (secondary strategy, buying on dips to attempt a second surge)
• Entry: 70800–71000 stabilize and stop falling, then go long (strong support zone, only trading retest confirmation)
• Target: 71800–72300 (quick in and out, avoid holding positions too long)
• Stop-loss: 70300 (break below breakout platform, bullish structure invalidated, abandon long positions)

Technical Logic:
1. 15-minute level:
Price surged to 72743.4 then quickly pulled back, MACD green bars continue to shorten, about to cross bearish, RSI1 dropped from overbought zone (90+) to 70.9, volume significantly shrank, clear profit-taking and correction signals after overbought, short-term rebound weak, further downside needed.
Bollinger Bands: Price fell from 72327.1 upper band, middle band at 69921 provides strong support, current price retracing along the upper band, a normal correction after overbought, no trend reversal signals.
2. 1-hour level (medium-term trend):
Price strongly runs along the upper Bollinger Band, MACD golden cross with green bars still high, Bollinger Bands opening upward divergence, medium-term bullish trend fully established, this 15-minute correction is a healthy pullback within an upward process, not changing the medium-term upward pattern.
3. Volume structure:
15-minute volume weakens, a normal volume contraction after rally, overall capital inflow close to $1 billion, sufficient support, no signs of capital fleeing, and potential for a second surge after correction.

📌 Macro Rhythm
• US-Iran ceasefire implemented, black swan risks eliminated, medium-term bullish logic unchanged, early morning surge followed by 15-minute overbought pullback, a normal profit-taking correction.
• Focus on the strength of the MACD death cross pullback on the 15-minute level; if dips stabilize at 70800-71000, a second surge will begin.