Afternoon Bitcoin Market Analysis The price rebounded from the low of 68,868.1 in the early morning, displaying a clear oscillating uptrend structure dominated by bullish momentum. Currently consolidating at a high level following the rebound with no clear death cross signal appearing. The short-term trend is biased towards the upside. However, the current price is in a high area following the rebound. After consecutive upward pushes, bullish momentum has weakened somewhat, making a high pullback highly probable. This is a typical "pressure after gains, strong pullback demand" state with the possibility of retesting support at any time. The trading approach should emphasize shorting at highs, with long positions as secondary support. Pullback to 70,000-70,500 zone for longs, targeting 71,350, 71,850 Rally to 71,350-71,850 zone for shorts, targeting 70,500-70,000 breakdown level, then watch 68,500$BTC $ETH #贵金属领涨

Bitcoin has experienced significant volatility recently due to war-related news. After the U.S. released a ceasefire message for one month in the early morning, the downtrend quickly reversed, and the price has rebounded and stabilized above the key 70,000 level. The March CPI data will be released on April 10. Supported by high oil prices and inflation, the data is likely to be strong, presenting risks of a market dump; however, institutions may be luring more buyers before bearish news lands in order to complete their distribution. Bitcoin's short-term structure shows a bottom-probing and rebound pattern. If it breaks through 71,300 today, it is expected to break out of the 68,000-71,000 oscillation range from the past week, with an upside target of 72,500, a level that has been emphasized multiple times before.

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