4.9 Evening Bitcoin Analysis

Bitcoin today saw strong resistance after failing to break above 72,858, followed by a sharp pullback. The bears continued to push hard, and the price bottomed out near 70,428. In the short term, the downward bearish momentum has been released in a concentrated way. The current price has stabilized around 70,500, market sentiment is becoming more cautious, and sell pressure has eased somewhat. Judging from the order book, the price has retreated more than 2,400 points from the high; the 70,400-70,500 area below has formed short-term support, and technical rebound demand is gradually strengthening.

Bitcoin Trading Recommendations
Entry zone: Go long in the 70,500-70,900 range, targeting 71,500-72,500
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