4.13 Morning Bitcoin Analysis

The market currently shows significantly reduced bullish energy, the upward room continues to narrow, and a sideways downward pattern dominated by bearish sentiment has formed.
Remember that the current position is at the relative lowest point of this correction wave; do not rush to excessively pursue short positions, and be cautious of temporary rebounds caused by institutional support.
• Overhead resistance zone: around 72,000-73,000, an area of trapped position accumulation and trend resistance level; if the pressure here cannot hold, gradually consider short positions to capitalize on the continued decline.
• Support zone below: the round number 70,000, a psychological level and the main technical support of this correction.
If this support holds, opportunities for an oversold rebound can be taken;
If broken, the downtrend will continue further.🤑#GateSquareAprilPostingChallenge