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4.9 Early Morning Bitcoin Analysis
Bitcoin saw a sharp drop today after being rejected at the 72,858.5 high. The bears kept pressing, and the price fell to as low as 70,671.6. In the short term, bearish momentum was released in a concentrated manner. The current price has stabilized in the 70,700-70,800 area. Market sentiment has become more cautious, and selling pressure has eased somewhat. From the chart, the price has pulled back more than 2,100 points from the high. 70,600-70,700 has formed short-term support, and technical rebound demand is gradually increasing.
Bitcoin trading recommendations
Entry zone: Go long in 70,600-70,800, with targets looking toward 71,500-72,500
$BTC $SOL $ETH #Gate广场四月发帖挑战 #加密市场回升