Evening Analysis on April 7, 2025
The rapid decline at the hourly level of $BTC 4 has currently broken the consolidation range but quickly returned to the bottom of the range, indicating that there are still some bullish orders at the bottom of the consolidation range. Although there is some expectation of a rebound at this position, it is still in a bearish trend at the 4-hour level.
Unless I say if, if the understanding king makes moves on tariffs again tonight and announces some exemptions or pauses, there will be a wave of rebound. Still remember that famous saying, a rebound is not a reversal. Stay out of positions, but if you feel tempted, participate with light positions. 72000 is a relatively strong daily support zone, and it is possible to go long here. Therefore, in the near term, it is still advisable to short at the highs, but do not hold onto positions for too long; take profits and run.
The above is only my personal opinion; investing carries risks, and one must be cautious when entering the market!
