4.10 Bitcoin Evening Analysis

On the hourly chart, after rising sharply to 7314, it pulled back and broke below the middle band, indicating a short-term downtrend; the current weak rebound faces resistance at the upper band around 7240, with rebound momentum being relatively weak, forming a correction pattern within a downtrend.
Tonight's US CPI data is expected to be higher than forecast, with inflation pressure suppressing rate cut expectations, and the US dollar remaining relatively strong, putting pressure on the cryptocurrency prices.

Trading suggestion: Rebound above 72500-73000, with targets at 70500-71000.