Analysis of BTC on April 12:
There was no special performance of the big cake yesterday. After a small-level retracement to the EMA support, it rebounded and rose again. The overall operation was around 70,000 US dollars, and it was testing up and down. Yesterday's highest was around 71,400, and the lowest was around 69,600. It has now rebounded to around 70,700!
In terms of trend: the volatility gradually decreased, and signs of sideways fluctuations began to appear. At the same time, Saturday and Sunday are coming, and they will also be two days with relatively small fluctuations. From the four-hour level, the overall trend is in an upward bullish pennant structure, running upward. The upward test breaks through the pressure range above. If it breaks through successfully and effectively, it is expected to rise to above 80,000 US dollars in a short time! The overall trend is still bullish. If you are short, you must do a good job of stop loss and take profit!
In terms of intraday operations: low long near 70,000, 69,500 to cover the position, a small stop loss is enough, and the target is 72,000!
