4.8 Morning Analysis

The morning market snapshot hits the core directly! Bitcoin precisely retested the April 8th low of 67,788 to build a bottom and stabilize. Subsequently, bullish funds concentrated their efforts, launching a fierce and rapid one-sided rally! The price consecutively broke through four key integer levels at 68,000, 69,000, 70,000, and 71,000, reaching a high of 72,700. The current price is also steady around 71,900. In just a short period, the rally has gained over 4,700 points, with the bulls fully controlling the market rhythm. The main upward wave trend has officially begun, and the pattern is completely open! Old Guo’s Bitcoin long position also gained 2,800 points, with the 28,600 oil position taken profit directly. Friends who followed also closed their positions for profit!

Technical indicators are resonating strongly in unison. Moving averages are showing a perfect bullish arrangement, with short-term averages crossing above long-term averages to form a golden cross for support. The price remains steadily above all moving averages, with dense MA zones forming multiple layers of strong support. Remember, every small pullback to the moving averages during trading is an excellent opportunity for bulls to add positions at low levels and ride the trend. This is a textbook-level upward trend pattern!

Trading Suggestions
Buy in batches on dips around 71,000-71,500, targeting 73,000-74,000. If it breaks through, continue to watch for 75,000.