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- 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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📢 Post your futures trading experience on Gate Square with the event hashtag — $25 × 20 rewards are waiting!
🎁 $500 in futures trial vouchers up for grabs — 20 standout posts will win!
📅 Event Period: August 1, 2025, 15:00 – August 15, 2025, 19:00 (UTC+8)
👉 Event Link: https://www.gate.com/candy-drop/detail/BTC-98
Dare to trade. Dare to win.
Market analysis on April 11
Market review
Bitcoin eventually broke through 70,000, and last night I suggested that Bitcoin would break through 70,000 in line with the Fed meeting, and it reached a maximum of 71,400 before the opening in the early morning. Yesterday, I gave a long strategy and achieved very good results, and the daily line also turned from yin to yang.
Trend analysis
Judging from the hourly market, Bitcoin is currently in the upper band of the Bollinger Bands, and the Bollinger Bands are also re-opened after a night of continuous upward movement, and the current upward trend is fierce. The MACD energy column below the bulls are also extremely vigorous, and they want to continue to rush higher. Only the three-line merger of KDJ may drag the rhythm of the rise of the market outlook, and it will still be in the trend of shaking first and rising later.
The 4-hour disk is currently successfully converted from the bottom, and the lower band of the Bollinger band rises directly to the middle and upper band of the Bollinger band, so strong rising strength, what reason do we have to be bearish? Intraday operations are still dominated by more.
Recommendations for entry points
Bitcoin is directly long near 69500-69800, the target is 71600-72800, and the defense is 68800.
The above strategies are for reference only, profits and losses are at your own risk, and the specific operation is mainly based on real trading. $BTC