BTC Market Analysis: Liquidity Hunt or Pullback to Rally? #Gate广场四月发帖挑战



Bitcoin just gave us a textbook lesson, telling us "Don’t chase the rally." After $72,858, we saw a sweep of the lows, with liquidity hunted down to the $70.7k level.

🔍 Analysis:
• Resistance: A drop below $72.8k is a clear sign of resistance. Bulls have lost momentum, and bears are in control.
• Current Zone: Bitcoin is currently fighting over the psychological level of $71,000. We have broken below the short-term moving averages, which now act as resistance above.
• Hope: Look at the MA120 (green line). It’s still trending above, indicating the 15-minute structure remains intact.

💡 Action:
Expect a return to 71,500 to confirm that this dip is just a "consolidation," a prelude to a breakout. If Bitcoin closes below $70.7k, it could continue downward toward $69k. $BTC
BTC2,41%
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