[April 13] Bitcoin / Altcoin Market Strategy Analysis

Brothers, yesterday the range was volatile, and our entry points were fairly accurate, so everyone should have taken some profit. Currently, Bitcoin is hovering around 71,100, just after being hammered down, still catching its breath, with a clearly weak trend.

The daily chart took a tumble from a high level, the divergence at the top hasn't fully played out, MACD is about to cross bearish, and RSI is also trending downward. The 72,000-72,600 zone above is full of resistance, like a wall blocking the way; the 70,500 level below is the first line of defense. If it breaks below, it could head straight toward below 69,000.

The 4-hour chart has formed a standard downward channel, with rebounds being weak traps, and moving averages firmly pressing down, indicating the bears still hold the upper hand. To change the trend? First, stabilize above 72,000; otherwise, don’t rush to bottom fish.

The 1-hour chart is consolidating in a narrow range, indicating exhaustion from the decline, and a move back up past 72,000 is unlikely; a retest of lower levels is probable.

For the day, focus on high-level short positions, with some short-term long positions at lower levels. Keep an eye on the 72,000-70,500 zone; whichever side breaks, follow the trend. Don’t be greedy, don’t hold on stubbornly.

April 13 Bitcoin Trading Strategy
Short around 71,500, protect at 72,200, target near 70,500
Long around 70,200, protect at 69,500, target near 71,600

April 13 Altcoin Trading Strategy
Short around 2,225, protect at 2,265, target near 2,170
Long around 2,165, protect at 2,125, target near 2,215