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April 10 $BTC Analysis:
At present, from the perspective of the 4H cycle, after the price formed a clear convergence pattern, the upward breakout of the upper edge of the pattern failed, forming a false breakout, and fell below 70000. Next, there is a high probability that it will step back near the two red lines drawn in the chart (62000-59000) to obtain liquidity below.
But the bullish trend on the daily cycle does not change.
Yesterday, the amount of long liquidation increased significantly, and it is recommended to wait for the long opportunity after the price falls.