April 13 Bitcoin Market Analysis



From the 1-hour MACD perspective, the current DIF value is -300.2, DEA value is -353.0, and the MACD histogram shows a red bar of 52.8. The DIF has crossed above DEA from below, and the red histogram continues to expand, indicating a typical oversold rebound signal for the bulls.

From the volume dimension, the current market structure is highly favorable to the bulls:
During the previous decline, trading volume gradually decreased, indicating that selling pressure has been fully released and no more short-seller funds are willing to push the price down;
Recently, during the rebound, volume has mildly increased, with MA5 and MA10 moving averages turning upward, suggesting new funds are entering to buy the dip, and bullish momentum is strong;
Compared to the 24-hour trading volume of 8.67B, the current market liquidity is sufficient, providing capital support for the rebound and avoiding false breakouts caused by low volume.

Operational suggestions:
First target: 72,000
Second target: 73,000
BTC-0,18%
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