April 14 Afternoon

Bitcoin surged to 74,876 in the early morning, then continued to oscillate and decline at high levels, again rising to 74,920 in the afternoon, currently consolidating around 74,600. Although the bullish momentum has not completely faded, the clear signal of stagnation at high levels is evident.

After this round of unilateral rally, the market has accumulated a massive amount of profit-taking pressure, and selling pressure continues to release. After consecutive surges, overbought conditions are severe, and a strong technical correction is needed. While the major bullish trend has not been entirely broken, it has entered a high-risk zone in the short term. Trading should focus on shorting at high levels, with small long positions as a supplement. Do not blindly chase highs. The 74,500-75,000 range is a strong resistance, and 73,100-73,600 is a key support.

Trading Suggestions
Bitcoin: Rebound to the 74,500-75,000 range for shorting, first watch 73,600, and if broken, look towards 73,100. If retesting 73,100-73,600 stabilizes, consider light long positions, with quick entries and exits. #美军封锁霍尔木兹海峡 $BTC $ETH