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Bitcoin has just surged to 72743. Now the rise is too fast, too far from the moving average—this is overbought, and the probability of a pullback is very high.
Although it broke above the upper Bollinger Band, the rally can’t go any further and it has started to fall. The bulls don’t have the strength anymore, and it is highly likely to drop toward around 68932.
Key support: 69500-70000. Once it breaks below, it will go straight to 68900.
Trading advice:
Short around 72200, with targets at 70200-70600.
One-sentence core (ultra-minimalist)
After BTC pushed higher to 72743, it is overbought and the bulls are weak; in the short term, a pullback is expected. Short around 72200, with targets at 70200-70600.
#Gate广场四月发帖挑战 #Strategy再增持4871枚BTC #比特币矿企MARA转出250枚BTC #今日你看涨还是看跌？ $BTC