16 April Bitcoin Market Analysis

Current position 75088

Moving Average Analysis
Short-term moving averages MA7 and MA25 are in a bullish alignment, and the current price (75,088.5) is above all three moving averages, indicating a clear short-term bullish trend, with moving averages providing strong support for the price.

Volume Analysis
The volume indicator shows that during this rally, when the price broke through the 74,000 level, trading volume significantly increased. Subsequently, during the pullback phase, volume decreased, with healthy volume-price coordination (rising volume during upward movement, decreasing volume during pullback), indicating that bullish funds are leading the market with limited selling pressure.

Core Logic for Long Positions
Short-term moving averages are in a bullish alignment, and the price remains above all moving averages, clearly trending upward.
Healthy volume-price coordination, with increasing volume during rises and decreasing volume during pullbacks, with continuous inflow of bullish funds.
The intraday low of 73,449 was not broken, indicating a complete upward structure with no reversal signals.

Trading Suggestions
Buy on dips to 74,800-74,900
First target 75,400
Second target 76,000