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#ETH 4.13 Morning Bitcoin (BTC) Thoughts and Analysis
Today's hesitation will become tomorrow's big regret; today's greed will lead to deep losses tomorrow. Reviewing the early morning market: Bitcoin 2187 experienced a sharp drop followed by consolidation and then began to rise, reaching a high of 2217 before stalling. It then started to trend downward again, with the lowest point after midnight reaching 2182. A short position was already in hand this morning, waiting for the target.
Bitcoin broke below the triangle consolidation; if it cannot rebound back above 2232, the downtrend will continue. Only if it returns to 2232 and re-enters the triangle range will the decline halt and reverse, with targets at 2273 and the previous high of 2329. Currently, 2200 is the last line of defense for the bulls; the first support at 2180 has been tested successfully. If it cannot recover, the next support is at 2158. A break below this level would further expand the hourly decline. Coupled with the breakdown of US-Iran negotiations, the buying pressure to take profits increases, so risk control is essential.
Morning Bitcoin (BTC) trading suggestions for 4.13:
- If volume stabilizes above 2221, go long on the right side, targeting 2273–2329.
- If volume drops below 2190, go short on the right side, targeting 2159–2111.
- Strictly set stop-losses and closely monitor momentum.