4.15 Bitcoin Afternoon Analysis

Yesterday, it surged to 76,009.0 and touched the upper Bollinger Band before pulling back, with a long upper shadow confirming strong resistance around 75,234; the current price broke below the middle band at 74,413.9, indicating a weakening trend, with the lower band at 73,593.7 serving as short-term support. A break below would open up downside space, and the weakening KD indicator along with bearish divergence further diminishes bullish momentum.

News: The US 10-year Treasury yield approaches 5%, high interest rates suppress risk assets, and capital flows back into the bond market; miners face high mining costs, and the current price inversion triggers selling pressure. Although ETF inflows exist, they are insufficient to reverse the macro tightening trend. The easing Middle East situation also weakens safe-haven demand.

Trading suggestion: Lightly buy on dips, rebound to 74,500-75,000 range, targeting 72,500-73,000.