Crypto Circle Academician: On April 13, Bitcoin’s mid-band support remains solid; as long as the key support holds, I still expect the upside! Latest market analysis and reference trading suggestions explained
Bitcoin’s current price is 71,000. The longer you play with crypto, the more you realize that most losses come from not being able to read the trend clearly—daily charts look like they’re going up, but chasing on the short term gets you trapped; thinking it’s a bottom and buying in can still drop by 20%. Today, I’ll explain the order book trend directly and sort out all the support and resistance as well as the long and short signals you need—no nonsense, just actionable insights. After you finish reading, you’ll know whether you should hold your coins, reduce your position, or just stay on the sidelines. You’ll never have to guess wildly based on the news again!
The daily K-line is supported by the EMA15 level at 70,295. On the upside, EMA30 at 69,897 and EMA60 at 71,465 form short-term pressure. The moving averages are in a convergence state after trending downward (southbound). The daily MACD golden cross continues; the red histogram remains expanding, showing that bearish momentum is weakening. The market is starting to fight back northward, but the volume has not reached a trend-level, so the sustainability of the rebound is in doubt. In the BOLL indicator, support around the middle band at 69,148 is relatively strong, while the upper band at 73,721 clearly suppresses price. The price is in a weak rebound phase after a decline, with no reversal signals yet.
The four-hour K-line is trading below the EMA15 level at 71,883. Short-term northward momentum has weakened somewhat. The moving average system is moving sideways, indicating that the ranging structure has not broken. The MACD turns downward above the zero axis, and green histogram bars begin to appear—suggesting the short term has a need for a pullback. The Bollinger band opening continues to narrow. Price is in a tight range between 70,730 and 73,698. Volume is gradually shrinking, which indicates that market divergence is increasing. Neither the bulls nor the bears have launched an effective push. In the near future, it is highly likely that the market will choose a direction with a breakout accompanied by increased volume; for now, you should be alert to pullback risk.
Short-term idea (reference): Follow the big-picture cycle trend—small stop-loss, quick entry and quick exit.
For the upside, 70,700 to 70,200 moving north: set a stop-loss at 69,700. Targets: 72,500 to 73,000; if broken, watch 73,500.
For the downside, 73,300 to 73,600 under pressure—go short with a light position. Set a stop-loss at 74,200. Targets: 72,500 to 71,800; if broken, watch 71,000.
The crypto market has always been: the early-aware eat the meat first; the late-aware drink the soup; and the unaware end up holding the bag.
Any specific actions should primarily rely on real-time order book data. For more information, you can check the author’s updates. There may be a delay in publishing the article; the suggestions are for reference only—risk is your own. $BTC