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April 14 Bitcoin Morning Analysis:
Yesterday, Yifan informed everyone in advance that the breakout would reach around 73,500,
BTC surged with high volume in the early morning, breaking through the previous high and reaching a high of 74,456, currently quoted at 74,242.
The moving averages remain strongly bullish, with MA7 well above MA30, and the upward trend structure continues to strengthen; the MACD double lines remain golden cross, with the red histogram expanding significantly, indicating a burst of bullish momentum.
The short-term resistance at 74,456 is a strong barrier, very likely to cause a quick pullback or correction; the key support below is in the 71,900-72,100 range, mainly favoring a trend-following long position, strictly avoid chasing high and heavy positions at the top.
After consecutive breakouts and sharp rises, technical divergence is severe, so it is essential to strictly control position size and stop-loss, and avoid blindly chasing orders for speculation. Trading suggestions:
Around 74,500-75,200, with targets near 72,500-71,800.