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$BTC CryptoCircle LiYing: April 13 Afternoon BTC Triangle Convergence Ending! Watch closely for the 71,000 breakthrough direction and trading strategies
Family! I am LiYing, focused on practical BTC trading, rejecting vague analysis! From weekly trend to minute-level swings, I build a tradable system using structure + indicators + volume. No calls, only teaching logic; no chasing highs or lows, just following the trend. Follow me to make every trade well-supported, steadily profiting amid oscillation and trend!
BTC current price is 70,700, below the 2H chart MA(7)70953, facing short-term resistance. MA(30)71970 and MA(120)70109 form upper and lower bands, with price oscillating within the range. After the MACD double line death cross, the green bars expanded, indicating weak momentum. Bollinger Bands are narrowing, with price near the middle band, direction to be chosen. Resistance at 73,790 (previous high), support at 70,505 (previous low) + MA(120). Overall, it shows a “high-level oscillation + waiting for breakout” pattern. If volume increases and it breaks below 70,500, it will continue to retrace; if it stabilizes above 71,000, it can turn bullish.
15-minute chart shows BTC consolidating within 70,505-71,000. MA(7)70773 and MA(30)70950 are close together, Bollinger Bands are very narrow. RSI is near 50, indicating a balance between bulls and bears. MACD fluctuates slightly below zero, green bars slightly increasing, showing insufficient momentum. The current price is close to the middle of the oscillation zone, watch whether it can break through 71,000 resistance. A volume breakout upward targets 71,500; a breakdown below 70,500 tests the 70,000 level.
Bull entry: After stabilizing above 71,000, pull back to 70,850 without breaking, stop loss at 70,500, target 71,500-72,000.
Bear entry: After breaking below 70,500, rebound cannot surpass 70,650, stop loss at 70,800, target 70,000-69,500. #美军封锁霍尔木兹海峡