73k Barrier encircled but not attacked, beware of the volatility on the eve of the "halving shakeout"

FoolishPhilosopher · 2026-04-10T06:23:32+00:00

BTC challenges the previous high of 73,146 but has not succeeded; technically, it is showing sideways consolidation at high levels. Although ETF net inflows provide support, the leverage liquidation pressure increases before the halving. In the short term, focus on the 71,000 support level and watch out for the risk of sudden dips.

FoolishPhilosopher

2026-04-10 06:23:32

Trading Direction: Range Ambush, Control Transition Risks

Positioning Advice:
- If you are flat: Do not blindly chase the rally above 72,000. It is recommended to place orders in batches within the 71,000 - 71,500 range.
- If holding long positions at high levels: Suggest moving the stop-loss protection to 70,800. If a rebound reaches near 72,800, consider taking half profits first.
- If holding short positions: Extremely high risk. The current main trend remains bullish. Unless engaging in very short-term quick trades, it is advised to stop loss after breaking above 73,200.
Position Management (considering your connection work):
- Recommend mainly using low leverage to avoid extreme shakeouts (liquidation spikes) before halving during exchange switches or deposit initial trades.
- Stop-loss reference: 70,500; Take-profit targets: 74,000 / 75,500.

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