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Tuesday, April 14th, Zhongling Afternoon BTC/ETH Silk Share
Bitcoin surged to 74,900 on the 4-hour chart, reaching the strong resistance zone at the upper Bollinger Band. After continuous rallying, the short-term upward momentum has significantly weakened. Currently, the RSI indicator is in a severe overbought state, indicating a strong need for a pullback and correction in the technical aspect, making it difficult for prices to continue rising sharply at high levels. The short-term bullish momentum is already overextended, and the risk of chasing longs is high; it is not advisable to enter blindly. It is recommended to follow the trend and set up short positions at high levels, patiently waiting for a correction opportunity after the price pulls back.
Trading suggestion: try short positions with a small amount!
Bitcoin range: 74,600-75,100, target 72,500
Altcoin range: 2,390-2,410, target 2,270
$BTC $ETH $RAVE #加密市场回升 #美军封锁霍尔木兹海峡 #孙宇晨指控WLFI锁资产