#Gate广场四月发帖挑战

Just one step away from 75,000 – Summary of Market Trends from Yesterday to This Morning

Last night, Bitcoin unexpectedly surged, breaking through key resistance levels at $72k and $73k, and ultimately surpassing $74k, with a high of $74,750. The intraday increase exceeded 5%. From a short-term perspective, Bitcoin experienced a narrow-range consolidation in early April, with prices repeatedly battling around the $70k mark. On April 8th, Bitcoin first broke above $70k, then fluctuated within the $70k to $73k range. Today’s sharp rally not only effectively broke through the previous consolidation zone but also set a new stage high since the October 2025 correction.

1. Why the surge?

a. News: The easing of macro geopolitical tensions boosted market confidence. Trump stated that Iran called the U.S. expressing hope for an agreement; reports suggest that the U.S. and Iran continue to maintain contact, with the next round of negotiations possibly on the 16th, injecting positive sentiment into the market. Influenced by this, the three major U.S. stock indices turned higher during trading, with the Nasdaq achieving nine consecutive gains.

b. Capital: On April 13th, Strategy announced that between April 6th and 12th, it purchased a total of 13,927 Bitcoin for $1 billion, averaging about $71.8k per Bitcoin. This marks the company's second large-scale accumulation recently; earlier, on April 6th, Strategy bought 4,871 Bitcoin at an average price of $67.7k. The continuous institutional accumulation indicates recognition of Bitcoin’s long-term value and provides stable capital inflows to the market.

Additionally, improved capital flow into Bitcoin ETFs also supported the rally. After four months of net capital outflows, Bitcoin spot ETFs saw a net inflow of $1.13 billion in March. Although the inflow momentum weakened toward the end of the month, the overall trend remains noteworthy. In April, ETF capital continued to flow in, further confirming institutional interest returning.

2. Key technical indicator analysis

The 15-minute and 4-hour moving averages are both in a bullish alignment, indicating an upward short- and medium-term trend. The ADX (4H=34) confirms a strong trend.

The 4-hour and daily CCI/WR indicators have entered overbought zones. Historically, this suggests an increased probability of short-term pullbacks.

A MACD bearish divergence appeared on the 15-minute chart—price reached new highs while MACD histogram decreased—serving as an early warning of a short-term correction.

Volume increased alongside the price rise, indicating growing participation from funds, which is a positive sign of healthy upward movement.

The daily RSI is at 61.4, not yet in extreme overbought territory, leaving room for further mid-term upside.

Today’s fear and greed index is at 21, shifting from extreme fear to fear.

3. Support and resistance levels

Strong support: 73,000 – 73,300 – 4-hour SAR support level, previous consolidation zone.

Secondary support: 71,500 – 72,000 – recent rebound starting points, moving average support cluster.

Important defense zone: 70,500 – 70,700 – today’s low, MA120 support band.

Recent resistance: 74,888 – intraday high today, pressure from upper shadow of current candle.

Key resistance: 75,000 – 76,000 – psychological round number + previous high consolidation zone.

4. Market outlook

Short-term: The 74,888 level is a recent high. With MACD bearish divergence and CCI/WR overbought, there’s a high probability of consolidation or a slight pullback around this level. A correction within the 72,000 – 73,000 range is normal and would not damage the medium-term structure, allowing for partial long positions.

Mid- to long-term: The weekly MACD has just crossed bullish, indicating ongoing strength. The immediate strong resistance is around 76,000, near the middle Bollinger Band of the weekly chart at approximately 77,700. Mid-term investors are advised to stay cautious; if the index reaches around 76,000, consider high-altitude short positions.