On Tuesday, April 7
Bitcoin rose yesterday along the way, with a price peaking near 70,300, reaching a previous high point. Unfortunately, after testing the double top, the momentum could not sustain the rise, resulting in a drop of nearly 2,000 points. To achieve a better breakthrough and increase, it is necessary to have the energy of a pullback to build a base.

At the four-hour level, the Bollinger Bands are gradually opening upwards, with the pullback lows continuously moving up. Currently, the middle band can serve as a support reference. As long as the price does not fall below 68 and close an entity below, it will still rebound.

At the daily level, the price is currently maintaining above the middle band, and after breaking through the middle band and closing with a bearish candle, it is now testing the support point. However, the MACD is starting to turn towards bullish momentum, with the fast and slow lines forming a golden cross upwards. The overall performance still shows a bullish outlook.

Expect to go bullish around 68,200-67,800, with the target looking towards the 70,200 level, breaking through near 71,800, with the points for reference only.

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